File: Economic Update - Inflation grew at a modest pace of 1.8% in April despite GST

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1 comment(s). Last comment by 8stars 2015-05-25 12:18

8stars

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Posted by 8stars > 2015-05-25 12:18 | Report Abuse

If the inflation rate of 1.8% is true, then we will be in trouble in the months to come. As with such low inflation rate following GST, that could mean one thing which a slow down of consumer spending which will eventually affect most businesses.

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