IoD response to inflation figures

Dated: 22 May 2012

Commenting on the latest figures, which show the Consumer Prices Index fell to 3.0% in April from 3.5% in March, Graeme Leach, Chief Economist at the Institute of Directors, said:

“These latest figures show that headline and core inflation are heading south. With money supply and wage growth so weak, not to mention the euro crisis, this trend is likely to continue. Those who are worried about inflation are chasing shadows.”

ENDS

Contact Points

Edwin Morgan
Media Relations Manager
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

  • The Institute of Directors (IoD) was founded in 1903 and obtained a Royal Charter in 1906. The IoD is a non-party political organisation with approximately 38,000 members in the United Kingdom and overseas. Membership includes directors from right across the business spectrum – from media to manufacturing, e-business to the public and voluntary sectors. Members include CEOs of large corporations as well as entrepreneurial directors of start-up companies.
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