Friday, Jun 09, 2006

The era of cheap imports may be coming to end

FT.com: Goods import prices rise at fastest rate for decade

For most of the past decade imports have been getting cheaper but the tide appears to be turning as imports are no longer getting cheaper but have risen by 3.6% YoY excluding oil but when oil and erratic goods are included the figure rises to 6.7% YoY.
So excuse me for stating the obvious but how can UK consumer price inflation (CPI) only be 2%? It's would seem that Gordon's miracle economy truly is miraculous.

Posted by denzil @ 08:40 PM (503 views)
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2 Comments

1. Surfgatinho said...

What's the problem? This article is about imports. In the UK we make, erm...

Saturday, June 10, 2006 12:38AM Report Comment
 

2. Dadm said...

In my opinion, one of the biggest threats to this economy on the brink is wage inflation.

Therefore, in political terms it makes sense for the spin merchants to artificially control the reported inflation result which will in turn stem wage inflation.

It is a total farce. Ask even the prole in the street and they will tell you their take home pay is being erroded. Yet the powers that be tell me inflation is 2%!!!! But then again, Iraq has weapons of mass destruction and Dr David Kelly killed himself.....so they tell me.

Saturday, June 10, 2006 10:01AM Report Comment
 

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