Blog
RIP RPI?
Geoff Riley
20th May 2009
A headline in today’s Times
“Threat of deflation as retail price index falls to lowest-ever level”
I am confident that every AS and A2 economics student in the land will spot the obvious error in this headline! There is a world of difference between the general level of prices and the annual rate of change of prices!
Here Hugh Pym considers whether wage freezes or pay cuts will become a more frequent feature of the labour market during the recession.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.