Inflation continues downward trend
17th July 2012
INFLATION has fallen to a 31-month low, according to new figures.The headline rate of inflation fell to 2.4% in June compared to 2.8% in May.The consumer prices index is now at its lowest level since November 2009 when it was at 1.9%.Falls in clothing and footwear, transport and costs were the largest downward pressures according to the Office for National Statistics.The retail prices index measure, which includes housing costs, fell from 3.1% to 2.8% in June.Dr Brian Sloan, Chief Economist at Greater Manchester Chamber of Commerce......for the full story register now for free or login below...
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