Mr Pill called those factors “largely mechanical in character” and described the upswing in inflation as an “upward blip”. He added: “I don’t think we should interpret (the causes ...

Despite predictions that inflation could reach 3.7% in the latter half of the year, Mr Pill argues that it is "unlikely" to leave a lasting impact on everyday prices. He attributed this mainly to ...

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He said this is mainly because the causes are things like rising energy and water bills, school fees and bus fares. Mr Pill called those factors “largely mechanical in character” and described the ...