The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Lurking beneath the surprisingly strong rebound in manufacturing shown by the latest Markit/CIPS PMI, there were clear signs that inflation is about to shoot higher –and perhaps in a big way.
Britain's high street stores aren't the only ones who'll be concerned by fairly dismal retail sales figures from the Confederation of British Industry on Wednesday. It's a cause of worry for manufacturers too.
The humble four-fingered chocolate bar could play a key role in fending off bidders for Hershey. Meanwhile, the EU-shunning UK battles political instability, a tanking currency and a run on commercial property funds, while the economic pain of allowing in far fewer migrants looms.