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Why Inflation Will Dissipate | Bilal Hafeez

Forward Guidance

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The Rise in the Prices of Goods and Services

We've had huge goods inflation, whereas demand for services has not kept the pace. That is a total opposite of before where actually you've seen goods deflation. And I think part of it is an element of how do you measure a price of something which isn't traded? But then the other side of this is that services, we have seen kind of the reopening dimension of services. We're seeing no evidence of that happening this time round.

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