Monday, April 14, 2008

Raw material inflation tops 20%

Producer prices at 17yr high

This is the early warning data on inflation that the BOE takes very seriously. Cutting rates further will be very hard to justify with these stats in the background.

Posted by uncle tom @ 11:14 AM (609 views)
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5 thoughts on “Raw material inflation tops 20%

  • tyrellcorporation says:

    My guess is that they already had this data and thought sod it and went ahead with a cut anyway. With GB waving Mervs pension documents over a lit candle I’d expect nothing less.

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  • waitingfor hpc says:

    i work in manufacturing …. had loads of increases again this year … all double figures. Some products up over 150% on prices last. In our industry it has been a massive problem for over 12 months!

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  • “The agency said inflation was driven mainly by the rising house prices, rents and energy costs.” Finnish inflation report

    …..it would be nice to think that decisions were made for the benefit of the general public, rather than the popularity ratings of a couple of corrupt and incompetent politicians. Turn off the lights as you leave.

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  • stillthinking says:

    So nobody believes in the inflation spike view then….
    We will see I suppose.

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  • Saw the news this lunchtime. Retailers may pass on their increased costs, in which case sales fall, retailers in trouble, redundancies, inflation rises. Or they may try and absorb the cost, in which case retailers in trouble, redundancies… Economic fundamentals sound??

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