Downing Street Says » Inflation figures

» Tuesday, October 18, 2011

Inflation figures

Asked if the Prime Minister had a response to today’s inflation figures, the PMS said he understood it was a difficult time for householders affected by price rises, but that this was being driven by rising global commodity prices. Asked if there would be more quantitative easing, the PMS said it was a matter for the Bank of England. Asked if the Government would would have to increase the deficit to afford the benefits that would result from higher inflation, the PMS said the September figure was usually used to calculate April changes to benefits but that the decision would be made by the Chancellor of the Exchequer.

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