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Tuesday, May 21, 2013

Inflation Falls

Inflation has taken a surprisingly sharp turn downwards from 2.8% in March to 2.4% in April, the so called "experts" had predicted 2.7%.

The fall has been caused by sharp falls in transport costs (eg air fares which fell by 6.4%). Unfortunately, the cost of food and non alcoholic beverages has increased by 0.7%.

In other words, those who are on tight budgets will continue to be squeezed.

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