Skip to main content

CLH Digital - Issue #166

Page 1

THE LEADING PUBLICATION FOR THE HOSPITALITY SECTOR & LICENSED TRADE Issue 166

“Stagflation” Stopping Sector from Realising Full Potential say Leaders www.CLHNews.co.uk

CLHNews

The rate of price rises has remained at 8.7% in May despite expectations of a fall, according to official figures released yesterday (June 21). The Office for National Statistics (ONS) said annual inflation as measured by the consumer prices index held steady from the same level in April, reversing two months of gains as the spiralling cost of living adds to pressure on households. City economists had forecast a figure of 8.4%.

CLHNews

CLHNews

The ONS attributed the unchanged inflation rates to rising prices for air travel, recreational and cultural goods and services and second-hand cars, while the falling price of motor fuel offset the increases. Food inflation reduced slightly to 18.3% from 19.1% last month, the ONS said.

(CONTINUED ON PAGE 3...)


Turn static files into dynamic content formats.

Create a flipbook
CLH Digital - Issue #166 by CLH News - Issuu