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COMMENT – Inflation rises to 2.2%

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Paul Butterworth, CEO at Chambers Wales South East, South West and Mid, mentioned:
“At this time’s inflation knowledge reveals a small rise as anticipated, from 2% to 2.2%, and companies throughout Wales can be happy that it is just a small rise.
“Inflation stays near the Financial institution of England’s goal and low inflation has already led to a welcome lower in rates of interest and may enable for additional reductions this 12 months to additional stimulate the financial system.
“Companies in Wales can be contemplating at present’s information and have a watch on tomorrow’s GDP knowledge to know the present course of journey for financial development and plan accordingly.”

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