Inflation has been on the retreat for more than 30 years with the odds seemingly stacked against it returning. From ageing populations to the displacement of workers by new technology, numerous structural trends have stood in the way of a major uptick in prices. In the shorter term, this year's mass economic shutdown should be deeply deflationary.
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Can Nichols bounce back?
Nichols has a great asset in Vimto, but Covid-19 has derailed its growth strategy for its out-of-home business. Can it get back on track when normal times return?
Phil Oakley