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Surely its OK if CPI is still at 2.9%?

April 26, 2017CPI Ok SURELY

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Surely its OK if CPI is still at 2.9%?

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Let’s hope so. But CPI is likely to drop very sharply in the coming months as gas and electricity prices are cut in response to big falls in oil prices in the second half of last year. If falling prices get ingrained in people’s minds, it can be very hard to turn it round.