Friday, April 8, 2011
The MPC knew this yesterday!
"Inflation at British factories hit its highest rate in more than two years in March, official figures showed, raising fears about the feed-through into the wider economy"." Factory gate prices â€“ what manufacturers charge for their products â€“ rose 5.4pc over the year, the steepest inflation rate since October 2008, said the Office for National Statistics" (wow). "The month-on-month jump was 0.9pc, while economists had expected a 0.6pc leap". The MPC only exist to prop up house prices I think!