Some of the concerns out there about CPI hitting 3% ... at least in the short term look overdone.

Some of the concerns out there about CPI hitting 3% at least in the short-term look overdone. Unless we get another surge in oil prices, this may well mark the peak.

Some of the concerns out there about CPI hitting 3% ... at least in the short term look overdone,

Compared with the slowdown at the start of the year, these numbers look a little healthier. In the short term, the numbers don't help the case for rate cuts.

The central bank needs to be able to make policy without short term political concerns.

I would not be surprised to see continued price increases at least in the short term. September could be an unpleasant month when it comes to fuel prices.