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This could be linked to average rent rises, inflation or a combination of the two.
Never forget that 22 tax rises, inflation over 10%, mortgage rates of 15%.
A ceiling would be introduced on any rises with a new benchmark linked to average rent rises, inflation or a combination of the two.
The urban poor have already suffered months of price rises: inflation is officially just over 20% a year, but local businessmen say the true figure is closer to 50%.
So after a big crisis the NAIRU rises; inflation should kick in sooner rather than later.In the wake of the current recession, though, this rule of thumb has been broken in a number of countries (see chart 2).
Similar(51)
Why does rising inflation matter?
To that must be added rising inflation.
The ECB is worried about rising inflation.
Their predictions of rising inflation were wrong.
Rising inflation expectations are bad news.
"The risks are from rising inflation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com