Martin Flanagan: Surging inflation could prove painful



A shot to the body for post-Brexit complacency. That’s the news that inflation reached its highest level in almost two years last month.
For much of the summer we have been agreeably surprised at how decent the economic data has been since the vote for the UK to quit the European Union last June. Manufacturing and the much bigger services sector have demonstrated an impressive resilience, much to the secret chagrin, perhaps, of some diehard Remainers.
But the near-doubling of inflation to 1 per cent in September from 0.6 per cent in August, with clothes, fuel and hotels all becoming... read more

 
19 October 2016 in Hot News, Views: 42
Source: Scotsman
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