Inflation rises in January


Office for National Statistics data reveals that inflation rose in January, with the consumer prices index rising to 0.7%, up from 0.6% in December. The increase followed rising food prices, and the absence of traditional seasonal discounting at furniture retailers and household goods stores. Andy King, the ONS’s head of consumer price inflation, said the end of the Brexit transition had not yet had a visible impact on prices, despite issues around disruption at the border. Some economists have predicted that inflation could exceed the Bank of England’s 2% target by the end of 2021. PwC’s Hannah Audino says renewed demand in service sectors hit by restrictions and the end of VAT cuts could see an increase in prices, while an expected increase in unemployment as the furlough scheme ends “will increase spare capacity in the labour market and subdue wage growth, putting downward pressure on prices.


Read more: Daily Mail



www.sardison.co.uk


Log into your account here, or click here to sign up!


Visit our website here for more news and product information, or click the button below to submit a short enquiry form for your finance needs.



Opening Time
Monday – Friday 9:00am - 5:00pm
Saturday – Closed
Sunday – Closed
Call Us - 020 3086 8030 
  • Sardison Capital
  • Sardison Capital
  • Twitter
  • YouTube
  • Sardison Capital

2021 All Rights Reserved. Sardison Capital is the trading style of Sardison Group Ltd.

We help businesses access business and property finance providers. Applicants must be aged 18 and over, T&C’s apply. All finance and quotes are subject to status and satisfying the funders criteria. Guarantees and Indemnities may be required. Sardison Capital can introduce applicants to a number of funding providers based on the applicants' circumstances and creditworthiness.  Sardison Capital is a Credit Broker sourcing from the whole of the market, not a Lender. 

© Copyright 2021 by Sardison Capital.

Website Designed by AVETON Design