Thursday, May 29, 2008
Just don't tell me the fundamentals are strong!
Times: High street prices in biggest surge since 1992
''...The retreat by consumers from the high street slowed slightly from April despite prices rising at the fastest pace for 16 years, a key CBI survey found today. Sales fell for the second consecutive month in May but the fall was less sharp than expected. They are forecast to rise next month. The figures spell the latest blow to fast-fading hopes for any further cuts in interest rates over the summer.
...''
Posted by hpwatcher @ 01:36 PM (282 views) Add Comment
2 Comments
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1. amjidk said...
yeeeeehaaaa
2. bystander said...
"The figures spell the latest blow to fast-fading hopes for any further cuts in interest rates over the summer."
.........GOOD. Sense at last. Fight the price rises, caused by real inflation and allow speculative rises to drop.