Deloitte comments on today’s ONS inflation figures
18 September 2024
Commenting on today’s ONS inflation figures, Ian Stewart, chief economist at Deloitte, said:
“The big picture in the UK is of receding inflation pressures. While core inflation nudged higher in August, softer wage growth and falling commodity prices suggest that this will reverse in coming months.
“With UK growth flatlining in June and July, and the Federal Reserve looking set to reduce US interest rates today, the Bank of England may well follow suit at their rate setting meeting tomorrow.”
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