Inflation Eases But Business Costs Still Biting  - British Chambers of Commerce

Challenging time for business despite inflation drop to 3% - East Midlands Chamber

East Midlands Chamber has welcomed a large fall in inflation to 3% but warned firms face ‘a wall of pressure’ from high costs and high unemployment, with supportive measures needed from policymakers. The latest annual inflation data from the Office for National Statistics for the 12 months to January is a significant drop from 3.4% but above the Bank of England’s 2% target. East Midlands Chamber Director of Policy and Insight Richard Blackmore s…

WNY Chamber responds to the latest ONS inflation data

Responding to the latest inflation data, published by the ONS this morning, Mark Casci, head of policy and representation at West & North Yorkshire Chamber of Commerce, said: “The news that inflation has declined to three per cent in January will be welcomed by our members who have repeatedly cited rising costs as a chief external pressure for the past few years. “The easing of inflation now further underlines the argument for the Bank of Englan…

Inflation Eases But Business Costs Still Biting  - British Chambers of Commerce

Responding to the latest inflation data, published by the ONS this morning, Stuart Morrison, Research Manager at the British Chambers of Commerce said:  “A further easing of inflation, to 3% in January, will be cautiously welcomed by businesses. Firms will be hoping it strengthens the case for another interest rate cut by the Bank of England soon.   “CPI may be at its lowest level for nearly a year, but that headline figure is only part of the s…