Monday, May 08, 2006

Increase in raw material costs hits manufacturers

SKY News: Materials Costs See Jump

The cost of raw materials rose by 2.5% in April with the annual increase now standing at 15.7%.

Posted by Webmaster @ 12:16 PM (655 views)
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7 Comments

1. Denzil said...

Now if raw goods costs with a YoY increase of 15.7% do not eventually fuel inflation then either I'm a monkeys uncle
or the figures are fudged.

Monday, May 8, 2006 02:16PM Report Comment
 

2. Retiredbanker said...

So far industry seems to have largely absorbed the increase in oil costs ( have you noticed how much flimsier
carrier-bags, food and drink containers, and other plastic items have recently become ), but this cannot continue
for much longer.
Also oil is essential in areas such as food production and the mining of natural resources.
With the end of cheap and readily available oil now in sight, expect inflation to start rearing its ugly head again.

Monday, May 8, 2006 03:22PM Report Comment
 

3. Talking_rot said...

I can not understand how raw material costs can surge by 2.5% in April yet factory gate inflation slows to an annual rate of 2.4%. Is there a significant time lag between the calculation of factory gate inflation from raw materiel costs? Any one know?

Is is possible that cheap imports from overseas (China, India etc) could add downward pressure on the UK's 'raw goods' induced inflation?

Monday, May 8, 2006 04:03PM Report Comment
 

4. Harold said...

Retiredbanker

Yes, I envisage the cling film car is just about to wheel off the production line (mind you, Ford have been doing it for years).

Monday, May 8, 2006 06:10PM Report Comment
 

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