Bristol distribution premises to let encouraged by inflation fall

Bristol distribution premises, Central Park, is encouraged by the latest news that inflation has fallen to two per cent, which should be good for companies and consumers in Bristol, according to a business organisation.

The consumer price index fell from 2.1 per cent in the year to December, putting it within the Bank of England’s target for the first time since 2009. A fall in the price of food and drink was the biggest contributor to the drop.

Phil Smith, managing director of Business West, which represents business across Bristol and the surrounding area, welcomed the fall. He said: “It is good news to see inflation fall to its two per cent target for the first time since 2009, and should ease the pressure on businesses and consumers. With inflation likely to remain at these levels during most of 2014, the unjustified demand in some quarters for interest rate increases should relent. In the meantime, the Monetary Policy Committee [which sets interest rates] needs to maintain its two-pronged approach with forward guidance on interest rates, and a continued commitment to keeping inflation at its target.”

Source: BP