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The fat cats' inflation con
The coalition was quick to take credit for a small drop in inflation recently - but prices are still rising faster here than almost anywhere else. And that's no accident, argues RICHARD LYNCH

The coalition made great play of last month's half-point fall in inflation and was quick to claim credit for it.

But ministers forgot to remind us that their record on inflation over the past three-and-a-half years has been appalling, that we now have the highest inflation in the European Union and that recently announced price rises for gas, electricity, rail fares and other necessities will soon drive inflation figures up again.

In its recent consumer price inflation bulletin the Office for National Statistics showed the retail prices index for the year to the end of October falling from 3.2 per cent to 2.6 per cent and the consumer prices index falling from 2.7 per cent to 2.2 per cent.

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