Output price inflation running at 4 percent a year

The UK economy may have slowed to a crawl, but inflation is a problem that just won't go away.

The output price index for home sales of manufactured products rose 3.9 per cent in the year to November.  If the essentials of life are excluded - Food, Beveridges, Tobacco and Petroleum (FBT &P) - the rate of output inflation declines slightly.

The index rose 0.3 per cent between October and November. The increase was mainly due to higher prices for petroleum products, food products and computer, electrical and optical products. In fact, prices in every major output category are on the way up.

Do you think that the Bank of England actually care about inflation anymore?