1.5 Within the same exact time, higher commodity price ranges, these kinds of as oil and meals, around the first fifty percent of 2008 contributed to the significant improve in inflationary pressures throughout the international market. This acted for a squeeze to the disposable cash of the two businesses and shoppers, and contributed into the weakening in international desire. The reduction in commodity price ranges around the second fifty percent of 2008 and weaker action around the international market, are predicted to guide to the sharp reduction in inflation around the coming months, with focus now turning into the capability danger of deflation in 2009.
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