Business leaders angry over inflation rise as MPC defends its policy
15th August 2012
WEST Midland business leaders have expressed deep concern following the unexpected rise in the monthly inflation figures.Figures from the Office of National Statistics showed that CPI inflation rose 0.2% to 2.6% in July, while the retail price index rose to 3.2%.Businesses in the West Midlands said the return to rising inflation after four months of decline was worrying and have blamed the situation on increased air fares and the gradual re-strengthening of sterling.Michael Ward, president of Birmingham Chamber of Commerce, said: &......for the full story register now for free or login below...
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