Manufacturing inflation falls to 2% and retail sales prosper
The annual rate of producer price inflation fell unexpectedly from 2.2% to 2% last month, according to the Office for National Statistics. The levels are the lowest in nearly 30 years. The news has boosted the government’s hopes of keeping prices subdued in the run-up to the election.
Leading retailers reinforced recent evidence of a gathering recovery in the high street with reports of a 6.9% average increase in their annual takings in August, according to the British Retail Consortium.
- The Daily Telegraph 10/9/96 page 22, page 25 (The Market)
- Financial Times 10/9/96, page 17 (Editorial Comment), page 18
- The Times 10/9/96, page 27
- The Guardian 10/9/96, page 18
- The Independent 10/9/96, page 14
The annual rate of producer price inflation fell unexpectedly from 2.2% to 2% last month, according to the Office for National Statistics. The levels are the lowest in nearly 30 years. The news has boosted the government’s hopes of keeping prices subdued in the run-up to the election.
Leading retailers reinforced recent evidence of a gathering recovery in the high street with reports of a 6.9% average increase in their annual takings in August, according to the British Retail Consortium.
The Daily Telegraph 10/9/96 page 22, page 25 (The Market)
Financial Times 10/9/96, page 17 (Editorial Comment), page 18
The Times 10/9/96, page 27
The Guardian 10/9/96, page 18
The Independent 10/9/96, page 14
