In fact, both investment and current spending have come in below target, as I mentioned earlier.
On unchanged policies, the Bank's forecasts show inflation slightly further below target in two to three years.
Throw in free shipping and Amazon was 19% below Wal-Mart, 28% below Target and 30% below specialty retail.
Including taxes and standard shipping, Amazon was 13% below Wal-Mart, 21% below Target and 23% below specialty retail.
On core pricing Amazon on average was 6% below Wal-Mart and 13% below Target and the specialty retailers.
If inflation drops below target because the Internet pushes prices down, the central bank will reduce interest rates, allowing faster growth while leaving inflation unchanged.
The organisers of the World Police and Fire Games have confirmed the number of athletes who have signed up to take part is almost 50% below target.
BBC: World Police and Fire Games competitors 50% below target
They would also point out that if their forecast shows inflation dipping below target in two or three years, the Bank can hardly sit on its hands.
Raising interest rates may initially push inflation below target.
Or the Bank might think the prospects for the recovery next year are slightly weaker than in August, meaning that inflation is still in danger of falling below target in a year or two.
Total tax revenue has fallen considerably below target this year, forcing the government to implement additional austerity measures to meet even the more relaxed budget deficit targets agreed with the EU and International Monetary Fund in September.
The service met the target for eight months of last year but started dipping below the target early in 2012 before recovering in the spring.
Right now, the Fed is projecting below-target inflation and above-target unemployment, suggesting that monetary policy is too tight.
FORBES: Ideological Confusion is Pointlessly Prolonging the Recession
But if the base rate were to stay at 5.25%, inflation would be below the target in early 2010.
Headline inflation is currently at 2.2%, comfortably below the target of 2.5% the government has set for the MPC.
He also emphasised that the Bank had a duty to be vigilant against below-target as well as above-target inflation.
It expects to raise them again, although annual inflation (1.7% in November) remains below its target of around 2%.
The firm's Item Club forecast predicts strong growth and below-target inflation, but tighter profit margins which could hit investments and jobs by next year.
Sao Paulo, Brazil (CNN) -- Brazil's economy grew a sluggish 2.7% in 2011, the government statistics agency IBGE reported Tuesday, far below its target of 4.5%.
Gwent Police and Dyfed-Powys Police are just below its target for ethnic minority recruitment, while South Wales Police says 1.53% of its 3421 officers are drawn from ethnic minorities.
BBC: NEWS | UK | Wales | North West Wales | Force anti-racism efforts praised
On the downside, there is a risk that a sharp slowdown in the economy, associated with weak real income growth and the tightening in the supply of credit, pulls inflation materially below the target.
Bizarrely, if a company falls below the target at the beginning of a plan year, it has to immediately start pouring in more money to get to 100%, instead of moving up in increments until 2011.
From now on, whenever inflation is one percentage point above or below the target, the Bank will have to account for this in an open letter to the chancellor, and say what it is doing to put matters right.
Although this was still well above the 2% target, the Bank of England governor, Mervyn King, said in a letter to the chancellor that inflation was set to fall "materially" below the target rate in the second half of 2009.
Instead, it argues for acting pre-emptively to prevent a bubble inflating in the first place as the Bank of England recently tried to do by raising interest rates in response to rising house prices, even though inflation was below its target.
Even if voters understood what nominal GDP was - as they currently don't - will they really ever believe that a government is going to withstand years of well above, or well below, target inflation, simply to get back to a particular, fairly arbitrary path for the cash value of the economy that was laid down by the folk who were in power before them?
In the case of Warburton's, the UK's second-largest grocery brand, 15 out of 18 of its breads that were surveyed had a salt content higher than the FSA target, whereas all of the Sainsbury's and Waitrose breads surveyed were below the FSA target.
Blue Coat now sees non-GAAP EPS of 30-31 cents, below its previous target of 32-38 cents.
FORBES: Blue Coat Cuts Outlook; Shakes Up Management; Stock Slides
The Birmingham City Council study shows that city reoffending rates of 6% are below the government target of 8%.
Akbar Zab, 10, from Norbury Manor Primary School, Norbury, south London, was praised for reaching one level below the national target in English.
应用推荐