The observed CMBR dipole is generally interpreted as the consequence o
f the peculiar motion of the Sun with respect to the reference frame o
f the CMBR. This article proposes an alternative interpretation in whi
ch the observed dipole is the result of isocurvature perturbations on
scales larger than the present Hubble radius. These perturbations are
produced in the simplest model of double inflation, depending on three
parameters. The observed dipole and quadrupole can be explained in th
is model, while severely constraining its parameters.