Press releases

Deloitte UK economist comments on this morning's inflation figures

13 November 2019

Commenting on the latest inflation figures, published this morning by the Office for National Statistics, Debapratim De, UK economist at Deloitte, said:

“Inflation falling to a three-year low is welcome news for consumers at a time of faltering employment growth. But, those expecting continued below-target inflation to trigger rate cuts will be disappointed.

Today’s house price data show the London housing market continues to be afflicted by uncertainty over Brexit - which, combined with a slowdown in hiring, makes an immediate recovery seem unlikely.”

End

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 deloitte.com/about 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.

For more information, please visit www.deloitte.co.uk

Member of Deloitte Touche Tohmatsu Limited

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