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

Tuesday, 24 March 2009

Latest Inflation Figures show less speculation and more action needed

by Chris Fletcher, Deputy Chief Exec.

Interesting figures today with a less-than-forecast fall in the Retail Price Index (RPI) and an unpredicted rise in the Consumer Price Index (CPI).

Obviously the threat of deflation is still around and any future drops in RPI will push the economy that way. However, when you compare actual performance with all the predictions made, it shows that it is getting increasingly difficult to predict any future economic performance and perhaps we should be putting more effort into the reality of helping businesses and people now.

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