P192 CEEFAX 192 Fri 15 Apr 21:14/11 1/4 I DISPATCH Evan Davis reports on the reaction to the latest fall in inflation. There was a strong sense of relief after today's inflation figures. $hey have deflated the worst fears, prompted by disappointing figures last month, that prices were about to take off again. Once the effect of taxes and mortgage rates are excluded, Britain's inflation rate is lower than the official figures suggest. At below 2%, it iu well within the Government's target range. (upppppppppppppppppppppppppppppppppppppz Next News Main News Politics FinanceP192 CEEFAX 192 Fri 15 Apr 21:17/11 2/4 DISPATCH Evbn Davis reports on the reaction to the latest fall in inflation. The dominant view is that thjrj iu so much slack in the economy, prices cannot rise much at present. David Young, finance director of the John Lewis stores, thinks there's little inflationary pressure at the moment. "There is no peculiar pressure from suppliers to improve their margins, (5 which might impact on prices and secondly it's fair to say customers are very price and value conscious" Home 110 Politics 130 Would 160 Next News Main News Politics FinanceP192 CEEFAX 192 Fri 15 Apr 21:12/51 )|l4|l4|, 3/4 DISPATCH Evan Davis reports on the reaction to the latest fall in inflation. Some economists worry that the early inflation signs are alrjadz beginning to show. One such sign is pay. Alastair Hatchets of Income Data Services says settlements are picking up. "Over the past 9ear pay settlements have been around 2% to 2.5% - just marginly ahead of the inflation rate last year which was below 2%." "Since the start of 1994, pay deals -5 are increasingly at around 3%." Next News Main News Politics FinanceP192 CEJFAX 192 Fri 15 Apr 21:19/11 )|l4|l4|, 4/4 DISPATCH Evan Davis reports on the reaction to the latest fall in inflation. The arguments will bj rehearsed between the Chancellor and the governor of the Bank of England when they meet in May to decide interest rate policy. Today's news strengthens the arguments of the Chancellor, who has been looking for a cut in rates. But prices are just whjrj the Bank thought they would be, so any significant cut will bj resisted. Home 110 Politics 130 Would 160 Next News Main News Politics Finance