"A base rate cut, especially one that takes it into the negative, will clearly see more providers cutting the rates on more accounts, leaving savers unable to earn anywhere close to inflation," says Anna Bowes, a director of Savings Champion.
The Bureau of Labor Statistics does not produce one for schools, but has an index that is close, measuring inflation in banking, health care and other sectors that, like schools, rely heavily on labor.
Commenting on EDF's price increase, he said: "Any price rise is disappointing but I'm encouraged that EDF have kept their price rise much closer to inflation than some of their competitors.
In the period of 1973 1985, wage growth in the agricultural sector was closer to inflation and to those of other sectors, but over the years, wage growth in the manufacturing and service sectors increased more than in the agricultural sector.
"And as long as we pay close attention to inflation expectations as well as the trajectory of the economy, we think inflation will remain close to our two per cent target".
At a minimum it should take its responsibility of keeping inflation close to 2% seriously.
Annual growth of GDP was anticipated to be about 1.5%, with inflation close to 17%.
The recent changes are more an outcome of the economy, which has been close to zero inflation for the past several years.
Mexico still has a higher rate of inflation (close to 11% in 1999) but there, too, the trend is downward.
In pursuing price stability its primary goal the central bank aims to keep inflation close to 2%.
