Everyone should welcome the announcement of a fall in inflation to 3.4%.
It’s expected that inflation will fall to below 2% in a couple of months.
This will help people meet their bills and help businesses grow.
This is a significant fall in one month from 4% in January.
Low inflation provides stability for consumers, businesses, and investors. It keeps interest rates low, reduces borrowing costs, and improves international competitiveness.
Matty Jackman says, “This excellent news underlines that the PM has exceeded his top target to cut inflation by half and signals that the economy has turned a corner."
"Overall, this positive development bodes well for both consumers and businesses. This will create stability and optimism for the future."
"We are sticking with the plan, and it is working."
"Cumbria relies heavily on our visitor economy, and low inflation will make the region more attractive to visitors by ensuring stable prices for accommodation, dining, and attractions. This is good news!"
