If my highly subjective survey of businesses is anything to go by, then probably not completely.
Have you got your works Christmas menu yet? Do you think the menu prices will drop by 2.13% (from £117.50 to £115.00)?
If you work in a shop, are you going to reprice your entire stock before Monday?
If your costs (petrol etc. etc.) have all gone up and been absorbed by you, are you going to take the extra profit and cut some of your losses, or give a discount that no-one notices?
Some items are going to be cut, but don't expect everything to change.