Client Portal
January 13, 2015
Category News & General

Inflation has plunged to its lowest level since May 2000 – the fourth fall in inflation over a five-month period.

Inflation is falling rapidly, and has halved from 1% in November 2013 (as measures by the Consumer Prices Index) to 0.5% the month after. This could indicate lower interest rates for a longer period of time.

Factors influencing the fall in inflation are a drop in fuel prices and a slide in global oil prices.

December’s drop in inflation could also suggest welcome real wage increases for UK workers, as recent years have seen inflation consistently overtake wage growth.

Bank of England governor Mark Carney will be required to write an open letter to the chancellor explaining why inflation is over 1% lower then the Bank of England’s 2% target. This will be published on 11th Feb 2014.

See more on this story:

http://www.theguardian.com/business/2015/jan/13/uk-inflation-falls-14-year-low-half-a-percent

http://uk.reuters.com/article/2015/01/13/uk-britain-inflation-idUKKBN0KM0T720150113

If you are worried about your business or just want a (free) no obligation chat, contact Clarke Bell on 0161 907 4044 or [email protected] today. Our Licensed Insolvency Practitioners will provide you with the best professional advice for your situation.

For your free expert advice 0161 907 404

Or just enter your details below

Contact Us

  • This field is for validation purposes and should be left unchanged.