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Fri 01 Jan 2007Inflation may lead to pay talksTrade unions may seek to renegotiate the new national pay agreement if the inflation rate continues to rise, Ictu general secretary David Begg has warned.Responding to the latest inflation figures, which show the cost of living rising at 4.9 per cent, the fastest rate in four years, Mr Begg said he expected inflation to "tail off" later in the year.