Inflation has fallen due to the summer Flooding!!

Silver lining and all…

Apparently according to the Office for National Statistics the wettest June on record is likely to bring down the rate of inflation!

Small shops affected by poor sales during this drenching are likely to reduce their prices to entice people back in to spend again.

CPI is now at 2.4 per cent, which is a decrease from the 2.8 per cent seen in May this year; the main areas to see the benefit of these are clothing and footwear sectors as well as from food and transport.

SOURCE: http://www.premierlinedirect.co.uk/knowledge/insurance-news/Small_retailers_helping_bring_down_inflation