Frankham’s Market Update for Autumn 202317th November 2023
Frankham’s Market Update for Autumn 2023 by Robert Ray, Associate Quantity Surveyor at Frankham Group.
“With inflation finally falling to its lowest level since November 2021 and interest rates remaining stable since July, the economy proves to be more resilient than some anticipated. Coupled with real-time wage growth, the outlook is brighter for the general consumer.
A more substantial fall in the rate of inflation for the third quarter of 2023 has now been published, with the rate of inflation decreasing to 4.7% which may well assist to maintain the base rate and pave the way for eventually triggering a reduction.”
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