UNDER EMBARGO UNTIL 13 October 2015 10:00
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.”
Area Administrator - North & Midlands
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.
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