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Inflation's demons are hard to exorcise

By: Language: English Series: Construction News ; (6922) 23 June 2005, 17(1)Publication details: 2005Subject(s): Summary: Explains that the relatively low levels of inflation since 1990 have caused problems as well as providing greater stability. For example, inflation can help to absorb a fall in house prices; this happened in the early 1970s where despite 32% being removed from the real value of a home there was no negative equity.

Explains that the relatively low levels of inflation since 1990 have caused problems as well as providing greater stability. For example, inflation can help to absorb a fall in house prices; this happened in the early 1970s where despite 32% being removed from the real value of a home there was no negative equity.