BBCNEWS BBC News June 4, 2024 08:17:00
Inflation base effects that were caused by very weak activity and prices this time last year which because they are annual and a matter of arithmetic do not last beyond a year but while they are there, they push up inflation. secondly, we can see, as i havejust said, additional price pressures from various shortages caused by the temporary imbalance in the recovery of supply and demand. sometimes as demand recovers more rapidly as supply. but there is good reasons to think this will not last. thirdly, we think and expect there will be a switch from goods to wild services as the restrictions ar...
Source: archive.org