Monday, 16 November 2009

Inflationary armageddon? Not yet, but come 2011 it's another story

"In many ways, the real test for the inflation numbers won't come next year but rather in 2011. By that stage, barring another major commodity price move, the effects of that roller-coaster will have fallen out of the annual inflation numbers, along with the effects of higher VAT rates. Moreover, the inflationary effects of a lower pound should have faded away too."

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