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ONS inflation: Deloitte senior economist comments on today's inflation figures

15 September 2021

Commenting on inflation figures, published by the ONS today, Debapratim De, senior economist at Deloitte, said:

“August's annual inflation figure overstates price rises due to base effects, but the monthly inflation estimate, which has hit a three-year high, does not. The higher-than-expected monthly rise in inflation and input prices testify to supply shortages, building up further price pressure.

The data seem consistent with the Bank of England's expectations of some modest tightening in the coming years. If UK growth continues as currently forecast, we are likely to see the first rate rise by next summer.”


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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