Inflation at 2.3%

[Guy_Montag]

0.2% higher than expected. Looks like a raise in interest rates may be on the cards shortly.

http://news.bbc.co.uk/1/hi/business/4155498.stm

[Oerdin]

1. CPI in UK

Those are bank of England figures so they don't directly effect me, though, they do confirm what we already know. Namely, that energy prices are way up.

[D-Notice]

2. 2.3%!?

What is the world coming to when we have inflation at such a high level?

Back to the 70s!

[Oerdin]

3. It's all tied to two things.

Increases in energy costs and increases in raw materials costs. China and India are sucking up large amounts of both (China consumed half of the world's steel & concrete last year)and that demand is raising prices. Eventually we ought to see more suppliers jump in to grab some profits but in the mean time...

[Guy_Montag]

4. It's 100% rise in a year.

I also read that service sector inflation was at 4.5% but I can't find it now!

[D-Notice]

5. I blame lawyers!

Always trying to screw the public! ;-)

[non sociopath skin]

6. Can't see oil prices helping, if Iraq goes even more pear-shaped ...

... and the Saudi Medieval Monarchists start looking insecure.

Never mind, Dubya and his Little British Friend have everything in hand ...

The Skin

[Anarcho-Socialist]

7. It's hardly surprising

The U.S. 4.5% yearly budget deficit, the U.K. 3% budget deficit (also the Japanese, Italian, German and French budget deficits) are providing lots of liquidity in the world economy. This in combination with oil prices is obviously having an effect.