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Opposing change? The price impact of removing the penny | Bank Underground

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Would removing the 1p and 2p coins from circulation cause inflation? Or deflation? Or neither? Our analysis, and the overwhelming weight of literature and experience, suggests it would have no significant impact on prices because price rounding would be applied at the total bill level, not on individual items and it would only affect cash transactions, which make up a low proportion of spending by value.

From Opposing change? The price impact of removing the penny | Bank Underground.

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