Measured on a CPI basis it fell to about 2 per cent in 2009, but that figure flatters us a bit as it was partly a result
of some temporary factors.
Most market watchers have consoled themselves with the view that most of the softness was a function
of temporary factors, including harsh winter weather and a West Coast port strike.
Although a number
of temporary factors are keeping headline inflation near its 2 per cent target, our measures of core inflation are in the lower half of the target band and have been trending downward in recent quarters.
Not exact matches
Based on our experience, we initially thought this was due to a combination
of two
factors: a normal,
temporary performance impact when upgrading the operating system as iPhone installs new software and updates apps, and minor bugs in the initial release which have since been fixed.
Maury Obstfeld, economic counsellor and research department director at the IMF, told CNBC Monday that there was a broad cyclical upswing but many
of the
factors driving growth were
temporary in nature.
He also thinks one
of the big
factors behind the 0.8 - per - cent drop in manufacturing — auto sales — was a
temporary setback as Ontario plants closed for retooling.
GDP growth likely stalled in the fourth quarter
of 2015, pulled down by
temporary softness in the U.S. economy, weaker business investment and several other
temporary factors.
In addition, the commodities markets are subject to
temporary distortions or other disruptions due to various
factors, including lack
of liquidity, participation
of speculators and government intervention.
Measures
of underlying inflation, which seek to look through
temporary factors, reached over 4 1/2 per cent.
As we noted in our July Monetary Policy Report, when all the
temporary factors are stripped out, the underlying trend in inflation in Canada is in the range
of 1.5 per cent to 1.7 per cent, below our target
of 2 per cent.
At the same time, a European Commission survey showed business confidence stabilized in April, suggesting the slowdown in the early part
of the year was caused by
temporary factors such as poor weather and strikes.
Various measures
of core or underlying inflation, which are less affected by these
temporary factors, are also gradually increasing, and over the year to September were around 2 per cent.
At the same time, a number
of particular
factors which have also contributed to recent inflation developments will probably prove to have been
of a
temporary nature.
While we believe that
temporary factors have amplified the drop in services inflation, the ECB will likely worry about potential second - round effects
of lower oil prices and currency appreciation on the price
of some other (non-energy) goods and services, including on Non-Energy Industrial Goods inflation which fell sharply, from 0.7 % to 0.3 % in February.
Inflation had remained stubbornly low over the past year, due largely to
temporary factors like low cell plan phone prices, which stymied officials who expected the very strong pace
of hiring would pressure wages and push prices higher.
Yellen has said
temporary factors have been holding down inflation recently, such as drops in prices
of cellphone plans and prescription drugs.
For most
of his time at Atlético, Griezmann's brilliance — enthralling as it is — has been
temporary, a
factor that has stopped him from reaching the heights
of Lionel Messi and Cristiano Ronaldo.
Spurs» form at Wembley, their
temporary home for the season, and their natural improvement in the second half
of the campaign (as in every season under Pochettino) have been
factors but lessons from the City defeat were crucial.
A child's temperament may change a lot during the first few months, because the way a newborn behaves is influenced by
temporary factors such as pregnancy hormones, maternal health and diet, duration
of labor, a premature birth, and immature neurological development.
Another risk
factor for postpartum depression is a
temporary upheaval, such as the death
of a loved one.
In mice with an altered level
of the growth
factor, there was no regression
of the
temporary blood vessels.
-- The symptoms result from an excess
of the growth
factor PDGF, which prevents the
temporary blood vessels
of the foetal stage from disappearing, which in turn prevents normal development
of blood vessels in the retina, says Karin Forsberg Nilsson, professor at the Department
of Immunology, Genetics and Pathology at the Rudbeck Laboratory, who directed the study.
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Dehydrated skin can be a
temporary result
of exposure to a number
of factors, including winter weather, strong cleansers, hard water, and more.
It was a bright, sunshiny day, and my winter - addled brain may have suffered a
temporary, joy - induced malfunction, leading me to overestimate the cuteness
factor of this whole thing.
The second source
of variation is one - time
factors that lead to
temporary fluctuations in test performance.
Now teachers will eventually be forced into
temporary contracts
of one, two or four years in duration, depending on various
factors.
Part
of the recent soft U.S. growth is admittedly a function
of two
temporary factors: a brutally cold winter and the West Coast port strike.
Most
of the
factors determined by lenders are
temporary and minor in their effect on your qualifications.
The recent improvement, it said, was largely fuelled by unexpectedly robust residential investment as well as
temporary factors such as the resumption
of expenditures in the energy sector and the consumer - spending lift from bigger child - benefit cheques.
But because
of other
factors, it becomes prudent to prepare for a worst case
temporary drop in buying power
of 25 %.
Each
of these
factors is likely to be
temporary; if the rationale for high multiples goes away, then we'll get mean reversion in CAPE, possibly as a severe market downturn.
You also need to consider the playing - around
factor, the extent to which investors
of the day have elected to make themselves feel good (or bad) about their financial circumstances by assigning a
temporary price to stocks higher (or lower) than the one that would apply if the number were determined by making reference to real financial transactions.
Factor in that many
of the employed are
temporary or part - time workers, who are also looking for better lines
of work, and it doesn't appear the labor situation is going to improve significantly any time soon.
Mario Draghi the President
of the European Central Bank will be speaking in Florence today, in his last press conference in late April, Draghi described the Q1 slowdown as a moderation that is due to
temporary factors.
As we noted in our July Monetary Policy Report, when all the
temporary factors are stripped out, the underlying trend in inflation in Canada is in the range
of 1.5 per cent to 1.7 per cent, below our target
of 2 per cent.
The problem, says Aron Gampel, deputy chief economist at Scotiabank, is that the recovery so far has been due to three
temporary factors, and as the impact
of those
factors wanes, the economy could lose steam.
This is usually a
temporary situation because the equity is
factored by current market value, where the value
of the home is higher than the market value.
Keep in mind that
temporary factors such as a day's heat and humidity can also impact the amount
of exercise your dog can tolerate.
The game does not feature in - game upgrades that most shmups have (e.g.,
temporary increases in firepower, faster navigation, etc.), probably to encourage the risk
factor of going in underpowered for a bigger return at the end.
As an intern at the Whitney, she was charged with sitting on the gallery floor inside a 1975 exhibition
of the work
of Richard Tuttle, art so minimal and humble it infuriated many viewers and was a
factor in the firing
of the curator, Ms. Tucker, who promptly went out and started the New Museum in two small
temporary rooms in TriBeCa.
This
factor, when multiplied times the amount
of reduction in tropospheric aerosol emissions, between 1975 and another later year will give the average global temperature for that year (per NASA's J - D land - ocean temperature index values) to within less than a tenth
of a degree C.
of actuality (when
temporary natural variations due to El Nino's, La Nina's, and volcanic eruptions are accounted for).
IMO, until we can decide these issues, we can not assume — for the purposes
of public policy at least — that these other
factors are both
temporary and insignificant.
That the climate models are remarkably close to the observed temperature trend over the recent decade, taking into consideration all relevant
factors, is an explicit demonstration that we can get this
temporary surface temperature slowdown even when the Earth's climate sensitivity is around 3 °C per doubling
of CO2.
If in general natural trends were, all else equal, causing the overwhelming majority
of heating and GHG a minority, but some
temporary identified
factor caused cooling, this strange inummerate way
of speaking would allow you to say more than 50 %
of the observed warming is caused by GHG.
Shading: Young Design Build motorised external blinds providing 38 %
of reduction
factor Z for
temporary sun protection.
Reasons for the fall in demand are thought to include installation
of solar PV and improvements in energy efficiency (helped by
temporary factors like milder summers).
Adjustments for tax consequences and child support are
factored in to the equation, returning what the courts believe to be an equitable amount
of temporary spousal support.
Those sections provides a list
of factors that the court must consider whether ordering the amount
of temporary support the husband had to pay the wife in this case.
In Texas, spousal support may be granted as
temporary support or post-divorce maintenance with the court considering a multitude
of factors, such as