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Wed 09 Sep 2008Department estimate for inflation 4.5%, say unions
THE DEPARTMENT of Finance has estimated that inflation will average out at about 4.5 per cent for the year, according to trade union sources.
Trade union sources say in that a presentation made as part of the talks yesterday the Department of Finance estimated that the inflation level would fall towards the end of the year, bringing down the average rate. However, the Department of Finance said last night that it was estimating an inflation level of 4.3 per cent.
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