Commenting on today’s ONS inflation figures, Ian Stewart, chief economist at Deloitte, said:
“Progress in bringing inflation down is proving slow, with the UK generating higher levels of inflation than any other major industrialised nation. The persistence of underlying inflation, and service price pressures, suggests that interest rates are likely to stay close to current levels for much of the next year.”
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Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.
The information contained in this press release is correct at the time of going to press.
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Rosy Taylor
Assistant PR Manager
rctaylor@deloitte.co.uk