Price Pressures for Bank of England

The Bank of England’s concerns over price pressures were fuelled yesterday as a key indicator of the price of goods leaving factories showed the British manufacturers had increased prices at a record rate last month. The index rose to 59.9 last month, the highest since figures were first collected in 1999. Any figure above 50 indicates increasing pricing pressures. This data will undoubtedly highlight the central banks concerns over inflation, and thus confound the market view that they will leave interest rates on hold later this week.
No data today.