UBS On-Air: Paul Donovan Daily Audio 'Profit, pricing, and the policy response'
UBS On-Air: Market Moves - En podcast av Client Strategy Office
Yesterday’s US and UK data displayed some of the peculiarities of current inflation. Inflation is currently led by profit margin expansion. UK food prices pushed up inflation but farmers are not benefiting. In the first ten months of 2022 consumers paid 10% more for lamb, but farm prices fell 16%. (The fact I have sheep on my farm is incidental to this analysis). Profit margins across the supply chain contribute to inflation.
