Colin Steele
Colin Steele
Colin Steele is a jazz trumpeter from Scotland...
adverse assuming august bus cent effect fall food impact increases inflation likely lower negative per positive previous prices rate reduction return supply weather welcome
Inflation for August was 0.1 per cent a welcome reduction from the previous months. While increases in bus fares and oil-related increases are likely to have a negative impact in September, assuming we have no adverse weather events, food prices are likely to fall as supply increases. The trend, therefore, should be for the inflation rate to return to lower levels.This should have a positive effect on inflation expectations.