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ECONOMISTS’ VIEWS: IS INFLATION HERE TO STAY?
JAMIE DANNHAUSER | LOMBARD STREET RESEARCH
“We broadly sympathise with the view of the Bank – that inflation will peak this month or in March, but fall heavily in January next year and be below target through next year.”
IAN STEWART | DELOITTE
“My assumption is that a good deal of the excess inflation relates to transient external influences, and we are likely to see inflation running around about target levels next year.”
MICHAEL SAUNDERS | CITIGROUP
“Over four years, prices of imported factory goods are up 24 per cent and imported foods have soared 43 per cent. The pass-through from cost pressures is not over and, together with less slack from the recession than usual, will keep UK inflation above target for an extended period.”