Monday, Mar 12, 2007
IR pressure mounting?
FT.com: UK factory gate prices up 0.3%
Manufacturers in the UK raised prices for the third consecutive month in February, data released on Monday showed, increasing the chances that the Bank of England will again have to hike interest rates to control inflation.
This is the fastest pace of core output price inflation since June and suggests that inflationary pressures are becoming entrenched in the middle of the supply chain.
"the biggest monthly increase since July after the cost of crude oil products jumped by 5.5 per cent."
Posted by dohousescrashinthewoods @ 11:26 AM (170 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. tyrellcorporation said...
Shame this article didn't appear last week! It clearly demonstrates that 'wait and see' is a very high risk strategy - still you can always hack around with the basket of goods!
2. waitingfor hpc said...
had 5 phone calls today at work - in a factory - feels like being in a lost breed these days - anyway 10%, 15%,7%,9%,12% all increases on raw materials effective next week.
This story is bull and does not reflect the real story.
Also very little work out there - some places on 3 day working weeks.