November 14, 2007
The UK’s inflation worries
Inflation we have lead to believe was under control, and yet the annual output price inflation has risen from 2.8% to 3.8%, this is the highest rate in twelve years! Food, chemicals and petrol are said to be the main reason for this, but considering the former Chancellor of the Exchequer is now the PM, is this the way that we should be going?
We have to wait for the consumer price inflation figures which come out on Tuesday for the big picture, these are the more important and most significant figures that everyone takes notice of. But with food prices being the highest for some years, coupled with the increase in energy costs these figures may also show an increase, and if not this month, surely by the months of 2008 there will be a significant increase, then what?
Source [24-7 Finance]
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