FSB reacts to Consumer Price Index

8 years ago

FSB reacts to Consumer Price Index

Commenting on the Consumer Price Index (CPI) which fell to -0.1% in September, John Allan, National Chairman for the Federation of Small Businesses, said:

“These latest figures confirm there is no pressing need to raise interest rates. Inflationary pressures remain weak, with little prospect of increasing rapidly in the immediate future. As well as low interest rates, small firms are benefiting from low commodity prices, particularly fuel, and rising real wages which is helping boost consumer spending power.”

Media Contact:

Emma Smailes

Emma Smailes@fsb.org.uk

07917 628918

About Federation of Small Businesses

The Federation of Small Businesses is the UK's largest campaigning pressure group promoting and protecting the interests of the self-employed and owners of small firms. Formed in 1974, it now has around 200,000 members across 33 regions and 188 branches.