18th January 2009, 06:19 PM
Irrelevant question as CPI will be nowhere near that in April - maybe 1% is the current prediction. VAT decrease is expected to take 1-1.5% off CPI. Add in oil price reduction and the general lowering of prices across retail and grocery sector and the view is we may be heading for deflation (in which case will IfA minimum be reduced?) :face-stir: