The best business advice, opinion, news and expertise in Greater Manchester and further afield.

Tuesday, 17 February 2009

Inflation figures

by Ilona Krohn
Principal Economic Adviser

The smaller than expected fall in inflation is reflective of the various forces at work in our economy. While petrol and utility prices have fallen quite significantly over the last few months the weak pound has pushed up prices on imported goods and raw materials.
In the medium term, the Chamber doesn't see inflation as a major issue and trust that the Bank of England and MPC will start to implement other effective policies to curb the economic downturn.

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