Paul Butterworth, CEO at Chambers Wales South East, South West and Mid, said:
“Today’s inflation data shows a small rise as expected, from 2% to 2.2%, and businesses across Wales will be pleased that it is only a small rise.
“Inflation remains close to the Bank of England’s target and low inflation has already led to a welcome cut in interest rates and should allow for further reductions this year to further stimulate the economy.
“Businesses in Wales will be considering today’s news and have an eye on tomorrow’s GDP data to understand the current direction of travel for economic growth and plan accordingly.”
