The rate turned positive in April for the first time in two years and four months since December 2008. As for the outlook, the year-on-year rate of change in the CPI is expected to remain slightly positive. However, the Bank recognizes that the yearon-year rate of increase in the CPI is likely to be revised downward with the base-year change scheduled for August 2011.
In each episode, businesses found that changes to their organizational structures allowed them to take greater advantage of the new possibilities opened up by these technological innovations. In the productivity boom of the late nineteenth century, for example, the potential for economies of scale made possible by the new technologies led to dramatic increases in firm size in many industries.