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Macro-economy cheap write my essay introduction of payroll system in January 1999. State of inflation as at January 2000 – January 2001 January cheap write my essay introduction of payroll system December 2000 Lowest Highest Inflation Rate 2.9 2.9 1.8 4.2 Exc. MIP’s 2.2 2.3 1.6 3.0 Again, the graph below shows the above averages including the averages throughout the year. The above graph shows that in April 2000 inflation rates overall and excluding MIP’s were the same at 2.2%. If we compare this to the previous year we can see that there was a difference of 0.2% in April. According to www.statistics.gov.uk the current RPI (rate of inflation) is 1.2% generally and 2.2% excluding MIP’s. The red crosses on the previous two graphs can show these figures. This has been done to emphasise the change over the past 4 years. The graph below shows an overview of inflation over the last 5 months. (All figures are from the statistics web page) You can see from this graph that inflation rose slightly in October by 0.1%. The rate excluding MIP’s has also increased 0.1%. This is still well below the governments target rate of 2.5%. The main reason for a rise in inflation is an increase in motoring costs, with both insurance premiums and petrol prices markedly higher. If we briefly look at the forecast for the next three years we can see that it is predicte.