New architectural, engineering, and materials technologies have enabled the construction of buildings enclosing the same amount of space, but with far less physical material than was required, say, 50 or 100 years ago. Most recently, mobile phones have become significantly downsized as they have been improved.
By contrast, our forecasts show inflation remaining above the target range in 2016, averaging 6,6 per cent this year before declining to 6 per cent and 5,5 per cent over the next two years respectively.