Wednesday, August 2, 2006
Mixed data makes tomorrows decision by the MPC uncertain
The article does not use the word "stagflation" but does mention manufacturers input costs rising at their fastest rate for 18 months but manufacturing returned worse than expected figures. The July snapshot of industrial conditions from the Chartered Institute of Purchasing and Supply (CIPS) showed activity in the recovering sector dropped back last month. The article states that the house price inflation figures released yesterday by the Nationwide which indicated fastest pace of growth in house prices since December 2004 may add some weight to a rate rise.