Jump to content
House Price Crash Forum
Sign in to follow this  
Bob Loblaw

Factory Gate Inflation Rise

Recommended Posts

http://www.bbc.co.uk/news/business-12189621

The price of goods leaving UK factories rose faster in December than in the previous month, largely due to the increased price of oil, the Office for National Statistics (ONS) has said.

Annual producer output price inflation rose to 4.2%, compared with an upwardly revised 4.1% in November.

The biggest factor in the rise was a 12.8% increase in petrol prices.

Increases in factory prices enhance concerns over knock-on effects for consumers, analysts say.

"This is primarily an oil and commodity price effect," said Peter Dixon at Commerzbank.

"It is going to raise pressure on the Bank of England [to raise interest rates] because output prices were up 0.5% on the month, which is quite a chunky amount."

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.