Saturday, May 19, 2007
Inflation monster out of control?
Firstrung: Do the 'robust' sales figures for April make another interest rate rise in June inevitable?
Underlying growth in retail sales volume remains robust, despite a slight decrease in monthly sales volume in April...The volume of retail sales in the three months February to April was 1.2 per cent higher than in the previous three months. This follows 0.5 per cent growth in the three months to March and compares with an increase of 0.1 per cent at the same time in 2006.
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