IoD reaction to inflation figures

Dated: 17 January 2012

Commenting on the latest inflation figures, Graeme Leach, Chief Economist at the Institute of Directors said:

“What goes up must come down. We are finally seeing the sharp falls in inflation which we expect to continue in 2012. VAT effects falling out of the year-on-year index, lower utility prices and weakening demand should exert strong downward pressure on inflation in 2012. Over recent years the inflation story has been all about overshooting. Looking ahead to 2013 it could be all about undershooting. Today’s inflation figures suggest that quantitative easing will be expanded in February”.

 

ENDS

Contact Points

Edwin Morgan
Communications and Policy Officer
Institute of Directors, 116 Pall Mall, London SW1Y 5ED
Tel: +44 (0)20 7451 3392
Mob: +44 (0)7814 386 243
Email: edwin.morgan@iod.com
Website: www.iod.com/policy

Notes to editors

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