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xkekg34fa
Posted: Sun 19:39, 22 Sep 2013
Post subject: hollister paris Consumer Fears Fuelling Inflation
A new nationwide consumer poll from Lloyds TSB has suggested that concerns about food, fuel and energy costs are driving expectations of high inflation in the year to come.
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Respondents to the study predicted that by May 2009, inflation would stand at 3.8 per cent, up from 3.6 per cent estimated in last year's survey. [url=http://210.60.30.152/ctdc/total/forum.php?mod=viewthread&tid=8613469&pid=9518120&page=1&extra=page=1#pid9518120]jordan pas cher Designer Jewellery Increases in Va[/url] Lloyds TSB also suggested that consumer confidence in employment [url=http://www.vivid-host.com/barbour.htm]barbour uk outlet[/url] and their own job security was also slipping. Nearly a quarter (23 per cent) of respondents said they felt their job was less secure than it was a year ago, while 48 per cent of people said that overall employment prospects in the UK had got worse in the past 12 months.
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Trevor Williams, chief economist at Lloyds TSB Corporate Markets, said: "Currently at three per cent, there's no denying that the immediate outlook for inflation remains high. But [url=http://www.gotprintsigns.com/monclerpascher/]moncler[/url] the Bank of England's latest report projected that inflationary pressures would ease in the long term as food and fuel prices start to fall next year. In stark contrast to this, our latest barometer shows that consumers do not believe prices will ease and so [url=http://kcx.cdgtzy.gov.cn/guestbook.asp]moncler ou[/url] inflation expectations for the next 12 months are tipping four per cent. The MPC continues to highlight the need to anchor inflation expectations as key to bringing actual inflation under control."
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In a press conference following the MPC's May RPI publication, Bank of England governor Mervyn King attributed the current rise in inflation to increasing global costs of food and energy. He added that consumers will continue to feel the effect of these inflated prices [url=http://www.ilyav.com/uggpascher.php]ugg pas cher[/url] over the course of the next 12 to [url=http://www.1855sacramento.com/woolrich.php]woolrich bologna[/url] 18 months and as such, he asserted that it "doesn't make sense" to focus on bringing [url=http://www.maximoupgrade.com/hot.php]hollister france[/url] inflation down to the Bank's target level of two per cent within this timeframe. However, Mr King said that "we should certainly" look to tack inflation back to this level in two years' time.
Although it held the base rate [url=http://www.1855sacramento.com/peuterey.php]peuterey outlet[/url] of interest in its last decision, the MPC has made two [url=http://www.mansmanifesto.fr]doudoune moncler homme[/url] cuts so far this year. In April, the base rate was cut by a quarter of a percentage point to stand at its current level of an even five per cent.
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