Page 4 - 111 4 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Inflation are very much still dark, and you can see that in what we call producer rises ? my producer prices, so if you look at what they are paying for raw materials, the so—called import prices, they are up 11.4% over the last year, things like petrol, metals, then if you look at the output prices, what they are charging at a factory gate before reaching retailers, they have risen 6.7%. that is the fastest rate of inflation at the factory gate that we have had, for ten years. so, we have definitely got further inflationary pressure coming down the line and that is why on the markets there ...

11.4%, and they can wear that rise in their raw material costs up to a point, but then they have to pass it on, and you're seeing that, too. if you look at the prices at the factory gate, before they come to retailers, they are up by 6.7%. and that's the highest rise we have seen there for a decade. so, you really see that inflationary pressure coming down the pipeline. and you might also say that's before any of the figures we have seen over the last few weeks about things like gas prices going up, petrol prices going up, that's not even yet in the figures, is it? no, that's right. in fact, t...

You shouldn't mistake that for the end of the rise in the cost of living that we have been seeing recently. it's very much more likely to be a statistical blip. the reason i say that is what you're comparing it with. so the previous month's figures, which were 3.2%, were comparing august with august of 2020, when you had eat out to help 0ut. that artificially depressed prices in restaurants and hotels, and so by comparison, a year later, it looked like a big jump in prices. whereas when you come to september, that's all fallen out of the equation. september 2020, there was no eat out to help 0...

Of items, i mean, air fares are up 9.7%. second hand cars are up 22%. so, what you're really looking at is the commodity prices coming through. so, if you look at the prices that manufacturers are paying for their raw materials, they are up by 11.4%. that's quite a chunky old rise. 11.4%, and they can wear that rise in their raw material costs up to a point, but then they have to pass it on, and you're seeing that, too. if you look at the prices at the factory gate, before they come to retailers, they are up by 6.7%. and that's the highest rise we have seen there for a decade. so, you really s...

In restaurants and hotels. but there are still huge upward pressures on inflation, mainly from the cost of fuel, petrol prices, we didn't actually have the queues at the pumps which featured at the end of september, they are priced into these figures, because these figures were conducted on 15th september, rather than after, when the queues started to form, but nevertheless, big upward pressures. so although we have had a slight easing in retail prices, the prices that producers are paying for their raw materials were up by 11.4%, which is partly fuel, also things like metals, iron and steel, ...