Why buy now if prices are plummeting? How deflation could drag us all down (Independent)

Even as recently as August, we were being told by the Bank of England that the real economic risk was inflation, with oil touching $150 a barrel, energy and food bills hitting new heights and commodities charting a similar path. In his August report, Mervyn King, the Governor of the Bank of England, confidently declared that inflation would breach the 2.5 per cent barrier if he did not raise ...

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