Friday, April 09, 2010
Oil boosts pipeline inflation
Posted by David Smith at 02:00 PM
Category: Thoughts and responses

Higher oil prices pushed up both input and output price inflation last month, output prices rising by 0.9% on the month and 5% on the year. Even underlying output price inflation was 4%, while input price inflation jumped from 7.5% to 10.1%. With petrol prices at a record high, oil has become an inflation factor again, and the pun was intended in the headline. The pass-through to consumer price inflation will be more muted but will make the sharp reduction the Bank of England is looking for that bit harder. More here.