Inflation Spike Short or Longer Term Issue?
Published / Last Updated on 28/01/2010
Inflation Spike – Short or Longer Term Issue?
by Ashley Clark, Director
Inflation in the UK has risen to 2.9% and coupled with increases in commodity prices and indirect taxes, markets are nervous.
Some analysts see the inflation rise as a short-term issue, citing unemployment, low wage growth and a weak economy as not fuelling the inflationary fire. Others believe that if Gross Domestic Product and consumer spending continues to increase in the UK then the Monetary Policy Committee will be forced to increase interest rates around April time.
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