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RIP RPI?

Geoff Riley

20th May 2009

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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.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty 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 and Revision conferences in the UK and overseas.

@tutor2uGeoff

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