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Two factors explain the inflation increase.
Inflation increase in business rates capped at 2% from April 2014.
The installation cost of MSF plants has dramatically decreased in the past years despite a normal inflation increase.
This kept the price low and helped to ensure that the US experienced only a slight inflation increase.
Hotel bills were also higher, which is mainly explained by the above inflation increase in the minimum wage in April.
"The question is not whether there will be an inflation increase but how much will the increase be," he said.
Similar(37)
Lower-than-expected inflation increases the real burden of debts.
In the past decade, Harvard's grant budget has increased 143percentt while inflation increased by only 28percentt.
If the dollar depreciates, inflation increases but the effect on the debt/GDP ratio is modest.
As a result, grade inflation increased among the well to do non-immigrant population.
Consumer price inflation increased to 9.1% in November from 8.3% in October.
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