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Scottish Chambers of Commerce Welcome Fall in Inflation

Published

19th September 2012

Commenting on the news that CPI inflation has fallen back to 2.5% and RPI inflation to 2.9%, Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said:

'Businesses welcome the fact that inflation has resumed its downward path. Falling inflation ought to assist in maximising consumer disposable income and improving consumer confidence and most projections indicate that we can expect a continued trend of falling inflation back towards the Bank of England's 2% CPI target over the next year.

'Despite this, there remain concerns about planned increases in utility costs and the effects these will have on overheads. In addition, the publication of September's RPI figures next month will give businesses an indication of how business rates bills will be affected next year. Lower inflation would reduce business costs and help boost consumer demand.'

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