OverInflated

Source: BBC News

Meat prices are set to increase as farmers pass on the burden of surging costs, a report has suggested.

With wheat prices rising, animal feed costs have almost doubled for farmers, the study by Deloitte found.

The group warned price rises were vital for an industry at “breaking point” after the recent foot-and-mouth scare and floods had taken their toll.
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Source: Bank Of England

Editors note: Personally I do not believe this one bit! Manipulation Galore!

Source: Yahoo

Reuters - Sunday, August 12 12:26 pm

LONDON (Reuters) - Financial market instability will only impact inflation outlook if it has a substantial effect on businesses and consumers, Bank of England policymaker Andrew Sentance said in an interview with the Sunday Times.

Sentance, regarded as one of the most hawkish of the Bank’s nine policymakers, said it was too soon to judge whether a recent global credit crisis would impact inflation here.

But he said the bank’s view was that global growth still had a lot of pace and policymakers were determined to get inflation back to a 2 percent target.
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Source: Reuters

LONDON, Aug 8 (Reuters) - Supermarkets’ growing use of temporary special offers means official data may overstate the true level of food price inflation in Britain, the Bank of England said on Wednesday.
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