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.
That is slightly higher than the current rate of inflation, meaning that workers are earning more even when higher prices are taken into account.
Critics of the tax say it is flawed because it is not indexed to inflation, meaning that an increasing number of people will have to pay it.
According to the new report, seven states lowered their income eligibility limits last year and 14 kept them the same, despite inflation, meaning that fewer families were able to qualify for help.
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This exceeds the average rate decline for all credit cards, meaning that they are now more expensive on an inflation-adjusted basis.
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Some of Europe's unemployment is cyclical, meaning that it could be cut by faster economic growth without sparking inflation.
Stock indexes only recently have moved above their levels of that period, meaning they remain far from records after adjusting for inflation.
This means that the rate of US inflation is likely to fall, meaning investors have less reason to hold gold to avoid a corresponding decline in the value of cash investments.
Many developing economies also have positive real interest rates, meaning that you can earn a return on their bonds over and above the rate of inflation.
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The AMT is not indexed for inflation, and it doesn't allow some mundane exemptions, meaning that it threatens to affect a growing number of taxpayers every year--unless Congress patches it, as lawmakers have routinely done.
It appears that the market is pretty convinced that 2012 will see inflation decline considerably for most of these major markets, meaning a possible end to credit tightening and stead growth into 2013, all positives for long term investors in the BRIC markets.
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