Dr. Robert Kelly:

That is not something I would know. It is one of the reasons we speak about potential bumpiness on the way down. We could start to see it being passed through in a way that might be described as catch-up to what we see in the euro area. There is a level of uncertainty. When we speak about a potential quicker return to inflation of 2% one of the reasons we point to is consumer energy pricing coming through in bulk.