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.”

Coronavirus Hub - IoD

Contact Press Office

Euan Holmes, Press Officer

020 7451 3280

Press office

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