Friday, January 14, 2011
Inflationary pressures
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

The latest producer price numbers confirm that inflation is going to get worse before it gets better. Output prices rose by 0.5% in December, for a 12-month increase of 4.2%. Input prices jumped by 3.4% in December for an annual 12.5% rise. Not comfortable for the Bank of England. Details here.