The June quarter Consumer Price Index figures have come in slightly lower than expected. It was widely rumoured that the increase in the CPI would have come in at about 1 %, but it seems it increased by only 0.6%, which gives an annual increase of 3.1 % .This is another sign that there won't be a need for another interest rate rise this year, and that's a good thing. We have commented earlier about getting the election over with, and that, combined with stable interest rates ( hopefully ) , should give consumers a little confidence back. It's very understandable that many people have tight budgets, and it makes spending very un- nerving when there is little stability. Trying to plan for the future with little stability naturally causes a conservative approach, and rightly so.
Here's hoping !!
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