Deloitte senior economist comments on today's ONS inflation figures

Commenting on the latest inflation figures, Debapratim De, senior economist at Deloitte, said:

“October’s inflation figures have come in slightly above expectations. Yet they reflect a disinflationary environment, given the current backdrop of weak wage growth, rising unemployment and abundant spare capacity.

“Inflation is likely to remain subdued until the economy regains most of the lost activity due to the pandemic.”

End

Notes to Editors

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