"Furthermore although inflation is currently at 5.2% (driven mostly by fuel costs), most city boffins reckon next year infltion will struggle to exceed 2%, so we won't be getting any psychologically large rise (e.g 5.2%-current inflation)"
This time next year inflation could be 0% or
-1% (deflation)
Not my guess, but that of several economists. "If we are very lucky, all we will get is a very nasty recession" Failing that if USA hits depression..........
