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Deloitte comments on today's ONS inflation figures

18 October 2023

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.”