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Inflation Moderation Expected - Expert

2:00 AM ET Tue, 10 July 2012

Following the news that Marks and Spencer's like-for-like UK Sales have gone down by -2.8 per cent, Henry Dixon, fund manager at Matterley Asset Management, said: "As we look a year ahead, as we see an uptick in the tax reallowance, I think we'll see an inflation moderation year-on-year as well."