Deloitte senior economist comments on today's inflation figures has been saved
Deloitte senior economist comments on today's inflation figures
19 January 2022
Commenting on the latest inflation figures, published by the ONS today, Debapratim De, senior economist at Deloitte, said:
“Inflation hit its highest level in 30 years in December. But unlike in the early 1990s, this inflationary streak is largely driven by surging commodities and goods prices - a consequence of pandemic-related shifts in demand and supply.
“Prices for services are rising at a much slower pace, indicating relatively weaker domestic price pressures. This rapid rise in the cost of living seems more likely to squeeze real earnings and consumer spending power than trigger a wage-price spiral.”
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