We have Deflation in data and Inflation in Asset Prices

Afshin Rattansi goes underground with the former White House adviser, Dr Pippa Malmgren. She asks whether it’s time to celebrate deflation- as George Osborne announces that the economy is doing so well that we can afford to lose 13 billion pounds, privatising RBS. As prices in the British shops decrease for the third year in a row, we ask whether the rating agencies got it wrong again, and whether we have more money in our pockets.