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The annual comparison is unflattering partly because of higher-than-usual income tax payments early last year, which were the result of tax changes.
The annual comparison has been adjusted to take into account the new lending rules introduced in April 2014, the BBA said.
Others debunked his use of crime statistics, particularly claims that the police murder rate had soared, that depended on a selective use of annual comparison periods.
The annual comparison looks bad partly because of higher-than-usual income tax payments early last year, which were the result of tax changes.
The Bank said that, although the inflation rate fell to 1.6% in March, it was expected to move closer to the 2% target in the coming months as the falls in petrol prices in the spring of 2013 dropped out of the annual comparison.
"Inflation should start to fall again before long, not least as last year's rises in energy prices continue to fall out of the annual comparison.
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Annual comparisons show that in the three months to August, industrial production was 1.3% up on a year earlier, while manufacturing output was down 0.7%.
Annual comparisons in recent months have been distorted by the timing of City bonuses in 2013, which were deferred to take advantage of the fall in the top rate of income tax from 50%to45%50%to45%
Those festive sorts at the Government's Health and Safety watchdog, wearied presumably by annual comparisons to Dr Seuss's Grinch, have released their own guide to Christmas, debunking twelve myths about their work and its party-pooping nature.
By performing crop-specific annual comparisons, we discuss possible explanations for the discrepancies between GAMS and the inventory method, such as data requirements, representation of agroecosystem processes, completeness and accuracy of crop management data, and accuracy of crop area representation.
The developing world will probably present a more mixed picture, but easing will be more common than tightening.Central banks can be so supportive in part because headline inflation rates are expected to fall, as the commodity-price rises seen in early 2011 slip out of the annual comparisons.
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