"prices in the shops are rising when the costs of production remain much the same. Customers are paying 8% more for their goods than last year, despite an easing of supply chain pressures and a fall in commodity prices that mean it costs no more to produce goods now than it did in the summer of 2022" –
Biased Bank of England blames pay for inflation, never profit | Phillip Inman | The Guardian
https://www.theguardian.com/business/2023/aug/12/biased-bank-of-england-blames-pay-for-inflation-never-profit
Biased Bank of England blames pay for inflation, never profit

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

The Guardian
@simon_brooke
The BoE blames pay for inflation, but neglects to mention that the only people to have inflation busting pay rises are the bosses and the bank traders.