Jez's Blog

'The headline Retail Prices Index (RPI) measure fell to 0.9% from November's 3% rate, the biggest fall in 28 years.' - BBC Business.

One of the major issues in now-days' current event is that the economy of the entire world is collapsing. In the post Big fall in UK inflation to 3.1% , from the BBC Business News, it's basically talking about how serious the falling of UK inflation is today. In fact, not only how serious of a problem it is to the UK. Although such issue, the falling of inflation, is actually happening in every other countries on Earth.

In order to reduce the rate of inflation, there are discounts being displayed, especially during the days before Christmas. This reminds me about Taiwan, in which shops also do a lot of sales so that people will actually buy something during this horrible situation, when the world's economy is collapsing, many unemployed people, and poor people. However, doing sales is only one of the solutions for reducing the falling of inflation.

I have to be hones that there are a lot of things in this article that I don't understand. Such as some of the representing rates. However, I don't think there is any biases in this article because it's basically just telling how's the UK doing with the big fall of inflation effecting it.