Business Advice for all UK firms from starting a business to flotation
Inflation lower than expected at 1.6%
The Office of National Statistics has reported lower figures for July than expected, with most economists going for 1.8% and the ONS reporting 1.6%, significantly lower than the 1.9% in June where the downward trend reversed but just for the month.The overall trend is downward with the current CPI comfortably lower than the Bank of England's target rate of 2% .
The main reason for the reduction is discounting on food, alcohol and clothing.
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Post Date: August 19th, 2014