For example, despite a more than two and onehalf fold increase in oil prices from around $ per barrel in early 2002, the headline rate of inflation has remained in a fairly narrow range - 1.6 to 2.5 per cent - over the same period, while the core rate of inflation has remained close to 2 per cent for most of the time, until recently when it has fallen.
Greg Medcraft, chair of the board of the International Organization of Securities Commissions (IOSCO), has predicted that the next  1  Roland Berger (2015), Digital Revolution in Retail Banking. 2  BearingPoint (2015), 7 digital questions for banks. 3  G-Data (2015), Mobile Malware Report Q2/2015.