Journal article
Why Has Inflation Been So Low since 1999?
- Abstract:
-
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 prices have played a key role along with strong distribution sector productivity growth. Looking forward, while the latter should continue to play a role, import prices may well start to rise. This is ...
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Bibliographic Details
- Journal:
- Bank of England Quarterly Bulletin
- Volume:
- 45
- Publication date:
- 2005-01-01
- ISSN:
-
0005-5166
Item Description
- Language:
- English
- UUID:
-
uuid:cb589d80-6c86-409c-956d-ac280ee714ab
- Local pid:
- oai:economics.ouls.ox.ac.uk:10342
- Deposit date:
- 2011-08-16
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- Copyright date:
- 2005
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