Monday, Jul 09, 2007
Inflation under forecast but input prices cause concern
FT.com: UK factory gate inflation weaker than forecast
But concerns about stubborn inflationary pressures at the beginning of the supply will continue to fester as long as input prices remain high and climbing.
The ONS said that its seasonal adjusted index of input prices was up by 0.6 per cent in June. This was down from 1.4 per cent the previous month but still leaves the non-seasonally adjusted annual pace of input price growth at 2.1 per cent.
Howard Archer at Global Insight said: “Input prices rose for a fifth successive month pushing the year-on-year increase up to a 6-month high of 2.1 per cent, thereby maintaining the incentive for manufacturers to try to raise prices to boost their margins.”
Posted by dohousescrashinthewoods @ 12:23 PM (142 views) Add Comment
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