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New data from the Office for National Statistics showed that inflation remained at 8.7% in May, with no change from the previous month.
Responding to the figures, our Chief Executive Kate Nicholls said: “It’s frustrating to see that the rate of inflation remains stubbornly high, with no decrease since last month’s figures.
It’s clear that the ongoing high costs of doing business being passed on in prices is a contributory factor and this needs to be tackled with urgency.
“Measures to tackle sky-high energy costs, bring down the cost of food and drink, and ease ongoing worker shortages would be effective measures to bring down the cost of doing business, and in turn help reduce inflation.”
