Deloitte comments on today's ONS inflation figures
Commenting on today’s ONS inflation figures, Debapratim De, director of economic research at Deloitte, said:
“Inflation may have fallen from its recent peak but it is not tamed yet. The higher-than-expected figure for December points to persistent price pressures and effectively rules out a rate cut in February.
“Nonetheless, a softening labour market, coupled with cuts to energy bills and price freezes announced in the latest Budget, should drive headline inflation lower over the coming months. We expect inflation to be at 2.5% by summer and to approach the Bank of England's 2% target over autumn.”
ENDS
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