Biased Bank of England blames pay for inflation, never profit | Phillip Inman

Data suggests prices are rising even though production costs are flat. Yet wages remain policymakers' chief concern

There is a chart in the Bank of England's latest report on the economy which illustrates that price gouging may still be a factor in pushing up inflation.

What unions and academics have complained about for more than two years - and policymakers at the central bank have downplayed - is that corporate profits could be pumping up inflation as much as rising wages.