Deloitte chief economist inflation figures comment

Commenting on the inflation statistics for October, published this morning by the Office for National Statistics, Ian Stewart, chief economist at Deloitte, the business advisory firm, said:

“Falling prices of essentials, including food and energy, are delivering a windfall bonus to UK consumers, bolstering spending power and enabling consumers to spend more on cars and “big ticket” items. This reduction in prices, combined with rising real incomes and ultra-low interest rates, should help the UK recovery plough on despite the headwinds from emerging markets.”

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Notes to editors

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

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