The higher-than-expected rate of inflation in November was mainly a statistical quirk resulting from continued difficulties in collecting price data for travel tours. The same effect could cause inflation to rise by a further 0.2%-points in January, and base effects from the slump in energy prices earlier this year will then push inflation toward 3% in the spring.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.