High interest rates are needed to reduce wage inflation but productivity improvements are harder to chisel out
I’m due a haircut and in the past week received a message from my barber containing the news that the price will be 10% higher than the last time I went for a trim.
If I call in for a coffee on my way to work it will be a similar story. After recent price rises, I can expect to pay the thick end of £4 for a flat white.
Continue reading…High interest rates are needed to reduce wage inflation but productivity improvements are harder to chisel outI’m due a haircut and in the past week received a message from my barber containing the news that the price will be 10% higher than the last time I went for a trim.If I call in for a coffee on my way to work it will be a similar story. After recent price rises, I can expect to pay the thick end of £4 for a flat white. Continue reading…
