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Economic Inflation (Caroline Era)

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During the Thatcher government, inflation remained low as an apparent result of government policy and the confidence of the markets in the government. At the end of the Thatcher term in May 1984, the Retail Price Index stood at 88.97. Inflation rose considerably as soon as Denis Healey won the election, and by December 1989 the RPI was at 197.97. During the second Caroline decade, the most important event was the Third World War, leading to almost immediate scarcity of oil in the West and a sudden spike in inflation which was however masked by the fact that the then National Governments in the Federated Kingdom were able to control the economy very closely. Hence the inflation did not noticeable take place until rationing ended and the economy returned to normal in 1997. The National Gover

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During the Thatcher government, inflation remained low as an apparent result of government policy and the confidence of the markets in the government. At the end of the Thatcher term in May 1984, the Retail Price Index stood at 88.97. Inflation rose considerably as soon as Denis Healey won the election, and by December 1989 the RPI was at 197.97. During the second Caroline decade, the most important event was the Third World War, leading to almost immediate scarcity of oil in the West and a sudden spike in inflation which was however masked by the fact that the then National Governments in the Federated Kingdom were able to control the economy very closely. Hence the inflation did not noticeable take place until rationing ended and the economy returned to normal in 1997. The National Governments warned that inflation would suddenly rise at the end of their term in order that no party could gain political capital from the event when it happened. By December 1999, the RPI reached 670.73. In the following decade, inflation stayed at the previous rate and by the end of 2009 it was 2272.46.