It is fair to say that at the margin the WPI report might have allayed any nascent concern of “tightness” in the labour market, but not in a way that would ease the real anxiety around “last mile” complications in getting inflation back to the middle of the target two to three per cent range.

Read Stephen Miller’s Adviser Voice article

Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.