Philip Shaw Figures Quotations

The figures are significantly better than expected and may call into question whether the MPC will raise interest rates at its July meeting. Clearly there are no inflationary pressures in the near term.

The figures are better than expected and although petrol prices have come down, there is an improvement in core rate of inflation.

The figures are a mixed bag but what's quite striking is how low output price inflation remains despite the general background of higher input costs.