Skip to main content

Deloitte senior economist comments on today's ONS inflation figures

18 January 2023

Commenting on the latest inflation figures, published by the ONS today, Debapratim De, senior economist at Deloitte, said:

“Today's inflation data provide further evidence that price pressures are close to their peak. We expect lower energy prices and a continued easing in supply disruptions to deliver a gradual reduction in inflation this year.

“Rises in service-sector inflation, where prices tend to be sticky, suggest inflationary pressures are likely to persist in some pockets of the economy. Despite easing, we expect inflation to remain around 4.5% at the end of this year, well above the Bank of England's target.”