Inflation-Rise Fears Fuel Demand for Bigger Pay Packets

Summary

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More than three-quarters of consumers across Wales expect a rise in inflation over the next year, according to research from Lloyds TSB Corporate Markets. Of those surveyed in Wales, the bank's consumer barometer, 78% expect prices to rise over the next 12 months. Moreover, only 2% anticipate a fall in inflation - resulting in a net balance for a rise of 76%.

The balance for August was up on July's level of 71%. The Welsh position is in line with the UK average balance which also rose to 76% in August.

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Inflation-Rise Fears Fuel Demand for Bigger Pay Packets

This suggests that many firms are facing increasing pressure from workers to raise wages and may also signal incre...

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