Corporate foreign exchange news

Inflation 'unlikely to change in 2011'

Thursday, 18 August 2011 09:01:29 GMT

Published by Jamie Jemmeson
People considering foreign exchange risk management may be among those interested in suggestions that inflation is unlikely to undergo any great change during the remainder of the year.
Moneymagpie.com founder Jasmine Birtles suggested that the outlook for the rest of 2011 may not be as bad as some analysts expect.
"In the next few months we may see inflation abating quite a lot. I don't think it'll go down below the two per cent that they are hoping for, but it will reduce," she said.
Ms Birtles added food and gas prices are likely to fall slightly due to declining oil costs, as part the "knock-on effect" of the ongoing economic turbulence around the globe.
The comments follow the Office for National Statistics' publication of the most recent consumer price index figures, which indicated that inflation rose from 4.2 per cent in June to 4.4 per cent at present.
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