Warehouses in Bristol benefit from tumbling inflation

Inflation fell sharply last month as lower fuel prices and hefty pre-Christmas discounting on the high street brought some economic relief.

The drop – to 4.2% from 4.8% in November – is the biggest fall since April 2009 and supports Bank of England forecasts that inflation will tumble this year as a result of the faltering economic recovery. Inflation hit a three-year peak last September when it reached 5.2%.

This is good news for commercial and distribution businesses who will feel the benefit of lower inflation through a heightened interested in already sought after distribution premises.

Bristol is an area of Britain who’s future looks bright as enterprise zones and transport development boost economic moral, add this to a drop in inflation and prosperity is on the horizon.

Gerry Jones, the Institute of Directors South West chairman, 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 this year.”

Source: Bristol Business News