Monday, August 11, 2008
Pipeline inflation pressures still high
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

This will be a difficult week for inflation and the latest producer price figures show plenty of pressures still in the pipeline. Output price inflation rose to 10.2% in July, from 10% in June. Input price inflation was 30.1%. If you wanted to be optimistic, you would note that "core" output price inflation was unchanged at 6.7% and that input price inflation fell slightly from 30.8% in June and, if the fall in commodity prices persists, may have peaked. Details here.