With producer prices rising at their fastest pace in years and goods shortages showing no signs of easing, the risks to inflation seem to be tilted to the upside. However, we aren’t convinced that a prolonged period of stronger consumer price inflation is on the cards and only expect underlying inflation to average 0.7% next year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.