Monday, Jul 14, 2008
Another Nail in the coffin of Gordon's Economyth
FT.com: UK factory gate inflation surges
"Economists said the year-on-year increase of 10 per cent in the prices charged by manufacturers increased the risk of a knock-on effect on consumer price inflation, the measure the Bank uses to decide monetary policy."
Sound fundamentals - what an economy, what a myth.
Posted by renting2 @ 08:41 PM (353 views) Add Comment
2 Comments
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1. Stoatgobbler said...
Inflation targeting is to us what the gold standard was to the 1920's. Disastrous!
2. paul said...
The CPI is becoming a public farce - a measure of official denial rather than inflation.
I don't know what the next act in this play will bring from the MPC but I'm sure it ends in tragedy.