Phil Smith on the Latest Inflation Figures

Commenting on the latest inflation figures, Phil Smith, Managing Director at Business West, said:

“Inflation has been rising for a number of months now, and although the rise in September largely reflects an increase in the price of food and recreational goods, businesses will no doubt be concerned.

“Mark Carney has suggested that inflation will peak shortly, before easing back in 2018. This remains to be seen, so a rise in interest rates could be imminent.

“To this end, business will hope that next month’s Autumn Budget will help to allay their fears and give a much needed shot in the arm for business confidence.”