Wednesday, October 27, 2010

Some hints starting to appear???

Inflation expectations rise in October - YouGov

Britons' expectations for inflation over the coming year rose to 3.0 percent in October from 2.9 percent in both September and August, a survey by Citi/YouGov showed on Wednesday. Inflation has been above the Bank of England's 2 percent target all year. The central bank is confident price pressures will ease in the medium term, but is worried expectations of above-target inflation might become entrenched, leading to a long-term cycle of price rises and higher wage demands.

Posted by mark @ 11:20 AM (837 views)
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2 thoughts on “Some hints starting to appear???

  • Wage Demands. ROTFL.

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  • “The central bank is confident price pressures will ease in the medium term, but is worried expectations of above-target inflation might become entrenched, leading to a long-term cycle of price rises and higher wage demands.”

    It’s the oil stupid! Time to buy a smaller car. Food is more important.

    I hope you got my oil tip techieman. You can’t say I give nothing away. 🙂

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