UBS On-Air: Market Moves
UBS On-Air: Paul Donovan Daily Audio 'All about inflation'
Tensions in the Gulf continue, and crude oil futures remain over USD 90 per barrel. This has reignited some inflation concerns. The fact that consumers have shifted spending patterns in response to higher oil prices is not properly reflected in inflation calculations—and while the impact will not be dramatic, it does mean that the damage to real incomes is slightly less than inflation data suggests.



