Press releases

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.”

- ENDS -

Notes to editors

About Deloitte

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 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.

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