Sunday, Apr 01, 2007
More evidence of rampant UK inflation
Sunday Times: Firms flex muscles to push up prices
Yet more evidence of rampant inflation in this country that the government's measures are not picking up (.....or should that be 'trying to hide'). This should not surprise anyone who has been looking at the data - if you flood the market with credit, you have to have a comparable increase in available goods. Otherwise you get inflation!
So, is an interest rate increase guaranteed in April? The author thinks the likelihood is only 50-50.
Posted by royston @ 12:17 PM (137 views) Add Comment
1 Comment
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1. paul said...
Yeah but this is David Smith.
"Being a canny kind of guy, I checked."
Yes, "canny" is not really how the wider economic community describes him. "Moron" is far more accurate.