Has Indexation's time finally come?

Sterling's struggles against the euro in the last six months or so are finally beginning to be felt at the sharp end. The Consumer Prices Index (CPI) hit 1.2% in November, with most observers tending to agree that this is no short-term blip. In fact, many expect the rate to continue rising throughout 2017, with the likelihood of it reaching 3% by the end of 2017*. After such an extended period of low inflation, this has led even the most optimistic of inflation-watchers to believe that this...