Monday, Oct 08, 2007
Inflation aint licked yet
BBC: Raw material prices rise sharply
Raw material costs for UK manufacturers rose at their sharpest rate for more than two years in September.
Posted by holding out @ 02:50 PM (829 views) Add Comment
7 Comments
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1. waitingfor hpc said...
big problem for me - had a 9% price rise this morning on one of my raw materials!
2. tyrellcorporation said...
The basic butter I buy just went from 55p to 75p in a week!
In fact I'm struggling to think of anything that actaully goes down in price. How do they get inflation at only 1.8%?!?
Gordonomics - The Economic Miracle (or should that be Mirage)
3. Cstanhope707 said...
All these things Crash Gordon is going to have to take out of his inflation measure and soon too!! Bet you we see Inflation Down again in the media.
But furniture and Ipods are going down in price though....
4. planning4acrash said...
wfhpc, what raw material was that?
5. waitingfor hpc said...
corrugated board - up 50%+ in 12 months
s/wood up 50%+ in 12 months
plywood +50% in 12 months
metal +50% in 12 months
i could go on and on - but there is no inflation for my business!!!!
6. sirgoogle said...
This type of news has to come out now - In a few weeks - just before the BoE MPC meets it will all be papered over by the BBC and other VIs - to ensure that interest rates either fall or stay the same. It will all be about how hard it is to get a loan in business or to buy a house (as if that problem only occurs just before an MPC meeting).
However real inflation is much higher than the CPI - but admitting that would trigger a cry for wage increases and an increa in interest rates - and that would be bad for the last thing propping up the economy - the Housing Market
7. planning4acrash said...
uhum, there are already cries for wage increases, look at the Royal Mail, workers there rejected 7% over two years, they know what's going on!!