Commenting on the April inflation figures published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC), said:


“RPI fell deeper into negative territory and the decline in CPI inflation was larger than the markets anticipated. These figures show that whatever the longer-term inflationary risks may be, inflation is set to fall further in the near future with RPI remaining in deflationary territory.

  “The main policy priority must be to alleviate the severe downturn in the economy and to contain the sharp rise in unemployment. Talk of recovery is premature at this stage, so the Bank of England must execute its quantitative programme more forcefully.”