1.   A country with a high inflation rate relative to competitors will generally experience a depreciation in the future external value of its currency.

2.   An increase in the anticipated inflation rate is likely to be associated with an increase in all interest rates.

3.   Did that make its currency, economy, inflation rate or fiscal policy more restrained and more problematic?

4.   If the inflation rate subsequently falls below the level allowed for a surplus of funds May result.

5.   Mr Major resisted the temptation to leave some excise duties unchanged in order to hold down the inflation rate.

6.   Over time the structure of interest rates May change in response to changes in the inflation rate and the anticipated inflation rate.

7.   Pay determination is also hampered by such factors as inflation rates and currency fluctuations against the pound.

8.   Pegged exchange rates are not viable when significant differences exist in national inflation rates.