Friday, May 06, 2011
A producer price inflation peak?
Posted by David Smith at 01:00 PM
Category: Thoughts and responses

The producer price numbers look pretty awful, with output price inflation at 5.3% and input prices up a scary 17.6% on a year earlier after another surge in April. Details here. There's now a light at the end of the tunnel, if yesterday (and today's) fall in oil and other commodity prices is sustained. Brent crude currently sticking below $110 a barrel.