The BBC has it that "key inflation measure hits zero". How much more agreeable for the government than the Sky News take of "shock rise in rate of inflation".
Of course they're both right. Mr Brown's preferred CPI is up - imports are becoming dearer thanks to devaluation - while the RPI is down thanks to the artificial slashing of interest rates.
Guess which measure he'll prefer now.
Yes, inflation is rising. Mike Denham has the breakdown. As he points out, and as Liam Halligan has been saying for ages, there is no deflation.
Brown will turn out to have been the worst chancellor in British history.
P.S. Andrew Neill has written a classy piece about the inflation numbers.
Further update - the BBC now leads on "surprise hike in consumer prices".
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