Wednesday, July 20, 2011

Don’t think so, seeing food prices going up weekly, some are 10% higher than last week

Inflation spike looms closer but no rate rise, Bank minutes show

Seven members voted for rates to stay at their record low of 0.5pc, with Adam Posen also calling for more money to be pumped into the economy via an extra £50bn in quantitative easing (QE). Spencer Dale and Martin Weale kept calling for a quarter point rise in interest rates.

Posted by mark @ 12:36 PM (1276 views)
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2 thoughts on “Don’t think so, seeing food prices going up weekly, some are 10% higher than last week

  • general congreve says:

    Interestingly also on Yahoo this morning, the trending news top ten (top ten searches on Yahoo) has gold in the top ten at number 7. A quick link through brings the top story out as ‘Gold price plummets on debt talks’ from the Christian Science Monitor. It’s lost about 1% in the dollar so far. Am I right to say they’ve come up with a solution that will stop the inflation mentioned in the posted article?

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  • GOT GOLD?

    if you haven’t you are in danger of losing a significant proportion of your wealth……

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