Deloitte senior economist comments on today's ONS inflation figures

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.”

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Notes to editors

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