Monday, May 08, 2006
Increase in raw material costs hits manufacturers
SKY News: Materials Costs See Jump
The cost of raw materials rose by 2.5% in April with the annual increase now standing at 15.7%.
Posted by Webmaster @ 12:16 PM (269 views) Add Comment
7 Comments
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1. Denzil said...
Now if raw goods costs with a YoY increase of 15.7% do not eventually fuel inflation then either I'm a monkeys uncle
or the figures are fudged.
2. Retiredbanker said...
So far industry seems to have largely absorbed the increase in oil costs ( have you noticed how much flimsier
carrier-bags, food and drink containers, and other plastic items have recently become ), but this cannot continue
for much longer.
Also oil is essential in areas such as food production and the mining of natural resources.
With the end of cheap and readily available oil now in sight, expect inflation to start rearing its ugly head again.
3. Talking_rot said...
I can not understand how raw material costs can surge by 2.5% in April yet factory gate inflation slows to an annual rate of 2.4%. Is there a significant time lag between the calculation of factory gate inflation from raw materiel costs? Any one know?
Is is possible that cheap imports from overseas (China, India etc) could add downward pressure on the UK's 'raw goods' induced inflation?
4. Harold said...
Retiredbanker
Yes, I envisage the cling film car is just about to wheel off the production line (mind you, Ford have been doing it for years).
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