19 Jun 2024

Chamber reacts to falling inflation

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East Midlands Chamber has welcomed the new 2% inflation figure published by the Office for National Statistics.

Head of Special Projects Richard Blackmore said: “This easing of inflation will support a feeling of relief in businesses who – as with consumers – have faced significant price pressures over many quarters.  Today’s data mirrors what we’ve found in our own research for the East Midlands. Our Quarterly Economic Survey showed a drop in respondents saying they expected to raise prices, with two-thirds anticipating prices to remain the same over the next three months. Inflation is one piece of the puzzle when it comes to supporting a healthy economy. It’s important that whatever government we have after next month’s election ensures stability becomes the norm and not the exception.”