Rochdale Liberal DemocratsGood news for consumers as figures released today show that inflation has fallen to 1.7%, the lowest rate in four years and helping families with the cost of living.
The fall was largely driven by lower petrol and transport costs, as well as the cost of consumer goods such as clothing and footwear.
Commenting on the news, Danny Alexander, the Lib Dem Chief Secretary to the Treasury, said:
"Today's inflation numbers add to the growing tide of encouraging economic statistics over recent months. There is much more to be done and there are more difficult decisions ahead, but this shows that our long term plan to repair the British economy is working. Falling inflation eases the pressure on family budgets and strengthens the economy."
Printed (hosted) by Prater Raines Ltd, 98 Sandgate High Street, Folkestone CT20 3BY
Published and promoted by Rochdale Liberal Democrats, 144 Drake Street, Rochdale OL16 1PS
The views expressed are those of the publisher, not of the service provider.
Website designed and developed by Prater Raines Ltd, with modifications by Rochdale Liberal Democrats