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Chart of the Day: Inflation threat in UK

This chart from the Markit PMI report, shared by Markit's chief economist Chris Williamson shows the post-referendum sharp increase in the input costs for all domestic companies. If history is any guide, then this sharp …

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Chart of the Day: Inflation threat in UK
Chart courtesy - Markit PMI report, Chris Williamson

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This chart from the Markit PMI report, shared by Markit's chief economist Chris Williamson shows the post-referendum sharp increase in the input costs for all domestic companies.

If history is any guide, then this sharp rise would push the consumer price inflation higher soon enough. By next year, the inflation in the UK is likely to hit above 2 percent, BoE's target.

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