The latest CBI survey warns that the price of manufactures will rise
sharply over coming months even as activity in the sector continues to
slow down. The Confederation of British Industry's survey for May shows
the prices balance hitting a balance of +30, the highest seen since
February 1995 and up from +25 in April. The CBI's Chief Economic
adviser Ian McCafferty warned that these results meant it was "ever
more unlikely that we will see the cuts in interest rates expected by
the markets only a few weeks ago".