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gfromls

Ppi Up 3.2 Percent In September

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LONDON, Oct 8 (Reuters) - British manufacturers' raw material costs rose more than expected and at their sharpest rate in more than 2 years in September, in a sign that inflationary pressures have not gone away.

The Office for National Statistics said on Monday input prices rose 3.2 percent in September, more than double the rate forecast by analysts and the biggest rise since January 2005. That took annual input price inflation up to 6.4 percent from 0.7 percent in August.

Output prices rose by 2.7 percent year-on-year last month, slightly less than expected but still its fastest pace since March.

http://investing.reuters.co.uk/news/articl...N-2-1-2-YRS.XML

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Worry not, have you not heard that people are buying flat screen tellies which are getting cheaper by the day and they will more than off-set food, travel, council tax, mortgage, fuel, plumbers, electricians, coffee, etc etc?

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Lets see what all the "next IR move will be a cut" merchants have got to say now :lol:

Those numpties at the the BoE must be panicking, inflation roaring ahead yet everyone clamouring for a rate cut, theyre going to need body guards in the near future :unsure:

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Lets see what all the "next IR move will be a cut" merchants have got to say now :lol:

Those numpties at the the BoE must be panicking, inflation roaring ahead yet everyone clamouring for a rate cut, theyre going to need body guards in the near future :unsure:

The BoE have been between a rock and a hard place for a long time now- If theyd cut rates a while ago, the pound would have slipped and those flat screens would have gone up, but keep raising and the miracle economy begins to falter- Same in USA LAND, excpet they are already on their way to their fate

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