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Deloitte comments on today's ONS inflation figures

20 December 2023

Commenting on today’s ONS inflation figures, Debapratim De, senior economist at Deloitte, said:

“The sharper-than-expected fall in inflation in November is good news, pointing to a continued easing in price pressures.

“Those hoping that this allows the Bank of England to soften its relatively hawkish stance on interest rates might be disappointed though. Measures of underlying pricing strength, such as core and services inflation, have eased further but still remain at elevated levels."