Inflation Rise to 3.4% Will Add to Pressure on East Midlands Business

Latest Inflation Figures Deepen Uncertainty for Businesses

Responding to the latest inflation data, published by the Office for National Statistics, Suzanne Caldwell, Managing Director, Cumbria Chamber of Commerce, said:  “This latest data is a stark reminder that the UK inflation waters remain choppy.  And indeed unclear. “With CPI rising to 3.4% in December, the path to hitting the Bank of England’s 2% target will have further twists and turns. Hopes of another interest rate cut at the start of Februa…

Shock rise in inflation throws interest rate cut into doubt - Professor Joe Nellis | Northamptonshire Chamber of Commerce

Professor Emeritus Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. December’s data shows headline inflation jumping to 3.4%, reversing the encouraging steps forward in the UK’s economic adjustment. This brings inflation further away from the Bank of England’s 2% target and reminds us that the period of intense price pressure may not be fully behind us. Households continue to see little relief from the cost‑of‑living pre…

Inflation rise to 3.4% will add to pressure on East Midlands business

East Midlands Chamber has renewed calls for greater support for the region’s businesses as it warns firms could look to increase their prices after inflation rose more than was expected by economists to 3.4%. The latest annual inflation data from the Office for National Statistics is the first rise in inflation in five months, up […]

Inflation rise to 3.4% will add to pressure on business and could lead to price rises says Chamber - East Midlands Chamber

East Midlands Chamber has renewed calls for greater support for the region’s businesses as it warns firms could look to increase their prices after inflation rose more than was expected by economists to 3.4%. The latest annual inflation data from the Office for National Statistics is the first rise in inflation in five months, up from 3.2% in November.   East Midlands Chamber Director of Policy and Insight Richard Blackmore said: “While inflatio…

Inflation Waters Remain Choppy   - British Chambers of Commerce

Responding to the latest inflation data, published by the Office for National Statistics, Stuart Morrison, Research Manager at the British Chambers of Commerce said:  “Today’s data is a stark reminder that the UK inflation waters remain choppy.   “With CPI rising to 3.4% in December, it’s clear the path to hitting the Bank of England’s 2% target will have further twists and turns. Hopes of another interest rate cut at the start of February now l…