Latest views on inflation
Several pundits are reasonably relaxed about the inflation outlook.
Just read a good piece over on Citywire. It's a round-up of views on yesterday's inflation numbers. The general tone is 'we're not too worried.' I'm a bit more concerned - I think a base rate rise during the next six months looks likely - but I don't think prices are set to soar.
I still think that a double-dip recession is much more likely than double-digit inflation.
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