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Phoebus Software comments on today's inflation data
18 February 2026
Richard Pike, chief sales and marketing officer at Phoebus Software, commented:
“After December’s surprise hike in inflation, today’s news that inflationary pressures have eased again will come as a welcome relief for households, although with wage growth stagnant, people won’t be feeling much better off.
"With joblessness rising and wage growth falling, the Bank of England has an important decision to make at its next meeting about whether to use monetary policy to give the country an economic boost. There’s a strong case now for a base rate reduction in March, which would help millions of homeowners and stimulate the property market, helping to drive much-needed growth.”
