Skip to main content
Become a member
  • Register
  • Login

Register Login


Press Releases Global Business

IoD responds to latest inflation statistics

22 May 2019

cityResponding to official inflation figures, showing that the Consumer Price Index (CPI) rose to 2.1% in April, Tej Parikh, Senior Economist at the Institute of Directors said:

“After a few months of low and stable inflation, the pickup in price growth is likely to frustrate households somewhat.

“A few specific and temporary factors pushed prices up in April, including the hike in the energy price cap and the Easter holiday period. With uncertainty already weighing in on confidence on the high street, consumers will be hoping prices fall back and wages rise faster to give them more breathing space.

“The spike in inflation is unlikely to trouble the Bank of England, which remains in a holding pattern over further interest rates hikes as long as Brexit uncertainty continues.”

An error has occurred. Error: Related articles is currently unavailable.

Contact our press office

Press office

IoD Professional Development Brochure

Knowledge, skills and mindset for a challenging world

IoD courses are designed to tackle the core competencies needed to thrive at board-level.

Download course brochure