Record wage growth fuels fresh inflation fears

[Nearly Sane]

It's like no one has even considered that in in non demand led inflation that wages would be driven by prices. The govt is clueless.

https://www.bbc.co.uk/news/business-66156713

[jeremyp]

Do you not understand that a restriction in supply is effectively the same as too much demand? Either can cause inflation and there's no magic that says an increase in demand won't cause more inflation if the existing inflation is mostly supply side.

[Nearly Sane]

Do you not understand that a restriction in supply is effectively the same as too much demand? Either can cause inflation and there's no magic that says an increase in demand won't cause more inflation if the existing inflation is mostly supply side.

What supply do you think is being restricted? Also using interest rate rises in this circumstance fuels inflation
 

[jeremyp]

What supply do you think is being restricted? Also using interest rate rises in this circumstance fuels inflation

You're the one claiming the inflation is supply side. You tell me what is being restricted.

[Nearly Sane]

You're the one claiming the inflation is supply side. You tell me what is being restricted.

Nope, I'm saying it's not demand led, and that in that circumstance interest rate rises are useless, and indeed are counterproductive.