Press releases

Deloitte chief economist – Low inflation to the rescue

18 November 2014

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

“Today’s inflation numbers were a tad above expectations.

“But the big picture is that, after six years of stubbornly high inflation, the UK is seeing a major easing of price pressures.

“Low inflation is likely to ride to the rescue of the UK consumer in 2015, providing vital support for spending and for GDP growth.”

End

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.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.

Mark Smith
Deloitte
+44 (0) 20 7007 7082
+44 (0) 75 9004 1301
marksmith@deloitte.co.uk

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