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THE headline inflation rate, as measured by the annual change in the Consumer Price Index (CPI), increased at a slower pace of 2% in 2007 (2006:3.6%). The level of inflation was within the forecast range of 2% to 2.5%. While supply factors remained important, they contributed less to overall inflation, as the impact of earlier adjustments to administered prices waned in the first quarter of 2007.Read more
