re housebuiders/troublesome9 Feb 2018 08:35
I don't have precise figures to hand but it was the main reasoning behind the BOE's statement on monetary policy yesterday. According to their forecasts "lack of spare capacity in the labour market and higher than anticipated economic growth may combine to cause inflation to rise over the months ahead" Overheating in other words, predominantly as result of higher wage growth. I think he mentioned a figure of 3%. Inflationary pressures resulting from weaker Sterling are expected to fall out of the equation.