Monday, May 12, 2008
Producer price inflation soars
Posted by David Smith at 10:15 AM
Category: Thoughts and responses

The uncomfortable mix of high inflation and slowing growth the Bank of England will warn of this week is reinforced by the latest producer price numbers, which showed big rises in both input and output prices. The surge in oil prices helps explain a 23.3% rise in import prices over the past year but a 7.5% annual increase in manufacturers' output prices, a 4.6% "core" rate, looks on the face of it alarming. Details here.