Based on the CPI, inflation is currently 1.3 per cent (Graph 12), although the Bank of England
expects upward pressure on inflation to build gradually over the medium term.
Not exact matches
Non-energy exporters were getting a bigger boost from the exchange rate than the Bank of Canada
expected in October, putting
upward pressure on inflation, he said.
If true,
expect more fuel to be added to the commodities fire, further increasing drag
on global economic activity while adding to the already worrisome
upward pressure on inflation.
Policy makers now say it will take until the middle of 2018 before Canada's economy is generating output at a level that would put
upward pressure on inflation, «materially later» than was previously
expected.
At the current stage of the expansion there are a number of factors that might be
expected to put
upward pressure on inflation.
Labor shortages are
expected to cause wages to rise and put
upward pressure on inflation.
Also, if domestic economic activity and demand were to be even stronger than
expected, given the existing strength of the labour market,
upward pressure on labour costs could emerge, eventually pushing
inflation higher.
Given the likely strength of the economy, domestically sourced price
pressures are
expected to remain relatively strong, with
inflation projected to be
on an
upward trajectory through 2005.
According to global property advisor CBRE, the recent rise in
inflation and higher interest rates is
expected to put
upward pressure on U.S. capitalization rates in 2018.