BOEs Bailey: I expect next month’s inflation number will show quite a strong drop

BOEs Bailey on the wires saying:

• We are pretty much on track for where we thought we would be in February on inflation.
• I expect next month’s inflation number will show quite a strong drop
• The effect of the Mideast conflict is less than feared

The year ago level next month showed a 1.6% gain. When that drops out of the equation for year on year inflation next month, it will lower that rate significantly.

This article was written by Greg Michalowski at www.forexlive.com.