Commenting on the UK inflation figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:
The smaller than expected fall in inflation postpones but does not remove the risk of deflation later in the year.
“The RPI annual inflation measure will almost certainly move into negative territory next month.
“It is critical that these figures do not deter the Bank of England and MPC from pursuing forceful policies aimed at curbing the seriousness of the recession.”
David Kern will be speaking at our Chamber Speaker Lunch on Tuesday, 24th March 2009. To here David's view on the economy first hand book your place by clicking here