Although inflation is still above the government target of 2%, these changes do show encouraging signs, having halved since September 2011.
(PRWEB UK) 30 October 2012
It has recently been reported that the Office for National Statistics has found the rate of inflation on the Consumer Prices Index (CPI), fell to 2.2% last month, reaching its lowest level since November 2009. There was a similar pattern with the Retail Prices Index (RPI) which fell to 2.6%, from 2.9% in August. Although inflation is still above the government target of 2%, these changes do show encouraging signs, having halved since September 2011.
Naturally interested by all updates and developments within the financial industry, the team at UK-based firm, Dosh Express were quick to respond to this news. A representative from the firm explains what this could mean for the average British consumer.
“We’re beginning to see signs of potential economic growth. With the rate of inflation beginning to fall, shoppers should hopefully begin to see this reflected gradually in the cost of their weekly food bill.”
He also goes on to explain how people should still maintain a cautious approach to spending.
“However, it is important to note that with the recently reported increase in energy and utility bills, this figure could be set to rise again. Inflation is always liable to sudden change therefore the wisest approach would be to have a carefully managed budgeting strategy in place that takes into account such movement.”
Dosh Express continues to monitor the progress of this story.
Dosh Express is the Honest Lender, helping you get to payday. Based in Derby, in the Midlands, the company’s mission is to provide a great lending service to thousands of our happy customers and be a great place of employment for our staff. Please visit doshexpress.com to apply for a loan, and if you are approved cash is usually deposited in your account within minutes, subject to status. Dosh Express, the trading name of Dosh Express Limited, is a consumer lender offering short-term payday loans, is a member of the Consumer Credit Trade Association (CCTA), and is licenced and regulated by the Office of Fair Trading.