61. Both the Chancellor of the Exchequer Kenneth Clarke and Bank of England Governor Eddie George have expressed concern that higher money-supply growth could lead to higher inflation. 62. Business at Philadelphia-area manufacturers improved this month, while prices rose, suggesting manufacturing activity in the region could be expanding fast enough to spark higher inflation. 63. But economists said the wage increase was not enough to raise any concerns about higher inflation. 64. But many analysts are convinced that higher inflation is on the way. 65. But that only happens at sharply higher inflation rates, Barbara J. Moore, a managing director of SEI Corp. in New York, said. 66. But the economy has boomed for over three years and forecasts of higher inflation have proved wrong time after time. 67. But the stronger sales are unlikely to lead to worries that the economy is overheating, causing higher inflation, because auto prices have been falling, analysts said. 68. But the report contributed to weakness in the American financial markets because it showed an unexpected pickup in wages that could presage higher inflation. 69. Canadian government bonds rallied, driving yields to the lowest level in six weeks, amid signs U.S. economic growth may be moderate enough to avoid higher inflation. 70. Can higher inflation and thinner profit margins be far behind? |