The chart yields a target both for next summer and the end of 2014.
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And the point and figure chart projects a target of 6.4%.
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This is old chart support and will be target and magnet for bearish traders.
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MPC's central projection is that inflation will be close to the 2% target in two years' time (see chart).
ECONOMIST: The Bank is in no hurry to raise the price of money
Helped by a worldwide slump in oil prices, he has managed to bring inflation down for four months running (see chart), even if the government's year-end target of 50% looks too optimistic by 15 percentage points.
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In the chart below, I show you how this allocation would have done versus Target Retirement Income.
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This year's target represents a 70% increase in the construction of social housing compared with 2010 (see chart).
ECONOMIST: Giving the urban poor a place to call home
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