Petrol prices on the forecourts of Morrisons and Asda have dropped below £1 a litre today. At last I can fill up with the Ltrs window showing more than the £s window again.
http://news.bbc.co.uk/1/hi/business/7672069.stmI've noticed prices of some products in the local shops are dropping back too. Is this the correction we need or just a temporary dip before inflation soars again?
Someone on the wireless this morning was warning of the dangers of minus inflation which he reckoned was a real possibility. ie that inflation is needed and that should it go into reverse we would indeed be in deep dodo.
