Against this backdrop, price hikes by firms have been widespread and sustained. Inflation expectations therefore appear to be rising on the whole from a somewhat longerterm perspective and it can be assessed that conversion of the deflationary mindset has been progressing steadily thus far.
In describing particular areas of the market and the different trading arrangements that may exist, the GFXC has highlighted how the principles of the Code are relevant to these practices. The reports produced by the working groups have been written with that purpose in mind. Another way of highlighting the applicability of the Code’s principles to different settings is through short illustrative examples.