Commenting on today’s ONS inflation figures, Debapratim De, senior economist at Deloitte, said:
“While the fall in headline inflation is a welcome development, core inflation figures indicate that underlying price pressure remains unchanged. That, along with accelerating services prices and yesterday's strong wage data, suggests that the Bank of England's objective of restoring price stability is still far from being achieved.”
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.
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.
For more information, please visit www.deloitte.co.uk.
Member of Deloitte Touche Tohmatsu Limited.
Rosy Taylor
Assistant PR Manager
rctaylor@deloitte.co.uk