DO YOU EXPECT CPI INFLATION TO FALL BELOW 3 PER CENT IN AUGUST?

SIMON HAYES | BARCLAYS CAPITAL
"Contrary to the consensus, which expects a fourth consecutive monthly fall in the headline rate, we expect it to rise to 3.2 per cent from 3.1 per cent in July, largely reflecting a second consecutive large monthly rise in food prices."

PHILIP SHAW | INVESTEC
"Against expectations, petrol prices appear to have softened by one per cent. We expect some disinflation in categories like recreation. Overall we see a drop to 2.8 per cent this time, but the buoyancy of agricultural prices risks inflation climbing past three per cent again over the coming months."

PETER DIXON | COMMERZBANK
"Over the rest of 2010, we look for inflation to decelerate further with a rate close to two per cent possible by December. A spike in early 2011 is likely because of the VAT hike but at least a sharp deceleration beforehand will bolster the Bank’s claim that much of inflation is due to temporary factors."