East Midlands Chamber has given its reaction to inflation staying static at 2.2%, according to the latest figure published by the Office for National Statistics.
Director of Policy and Insight Richard Blackmore said: “2.2% inflation does not diminish the impact of the crisis in the cost of doing business. While some comfort can be taken from research we’ve carried out in the East Midlands showing two thirds of Quarterly Economic Survey respondents anticipated not having to make price increases over the next three months, the huge cost of doing business remains ever present.
“With the new government’s Autumn Budget just weeks away, I would urge them to ensure all measures they announce fully support business, so growth is helped, not hindered.”
