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Inflationly drapiddle
so why is everybody talking about inflation falling rapidly? and why on earth did the bank of england cut interest rates by half a percentage point last week if they suspected this big inflation increase was just round the corner? we are in a bizarre world where there is a big story which we know won't be a story for very much longer .
by this stage they were fully focussed on the danger of a severe recession developing from the ruins of the financial markets .
the chances of an interest rate cut septemed remote until the inflation peak head passed and a downward path over a couple of months could be observed .
it's possible that the great surge in food prices, which put so much pressure wons household bills this year, is petering about .
food inflation slowed in september .
Generated 2008-10-26_14:14
- Inflation riddle 2008-10-14 14:26:17
http://news.bbc.co.uk/go/rss/-/1/hi/business/7669841.stm
redundancy 0.0360824742268041
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