Why Has Inflation Been So Low since 1999?
In this paper,(1) Stephen Nickell, member of the Bank's Monetary Policy Committee (MPC), explains why CPI goods prices have been falling in the United Kingdom since mid-1999. From 1999 to early 2001, the main factor was a squeeze on margins in the distribution sector. Since then, falling import...
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| Format: | Journal article |
| Language: | English |
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2005
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