Argos really knows how to get the price increases in!!

British retailer Argos really knows how to get the price increases in!! With its latest catalogue, the company lifted the price of its cheapest, plastic pedometer from £2.89 each to £2.99. I thought the UK economy was suffering from deflation!!
Unfortunately, I soon broke the pedometer by getting something out of my left pocket forgetting that I had put the damn thing on.
Argos.co.uk
UK petrol prices are going up a clip. I suppose this is due to the U.S dollar denominated commodity being affected by the collapse of sterling. The Bank of England must be worried about the price increases washing through the UK economy.
I think we could see a change in interest rate policy soon with a 0.25 pct rise soon especially if the British stock market is getting ahead of itself. With the country counting the days until the May 2010 election (could it be October), the British central bank would want to get non-political interest increases in soon. Perhaps, we are really ahead of the curve!!