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1 year ago: Inflation Ahoy!
Inflation could be back on the agenda Shares warned this time last year, citing Bank of America-Merrill Lynch (BAML) research which indicated consumer prices would be rising at a 1.7% rate by the end of 2016.
At a time when the UK’s exit from the EU was barely on the agenda and sterling traded considerably higher, it’s worth bearing in mind that inflation even after Brexit is now unlikely to exceed that level in 2016. BAML argued rising oil prices would be the main driver of inflation in 2016. (WC)