Press releases

Deloitte's chief economist comments on today's inflation figures

17 June 2020

Commenting on the latest inflation figures, published by the ONS today, Ian Stewart, chief economist at Deloitte, said:

“COVID-19 has delivered a major deflationary shock to the economy. The inflation rate has already halved this year and is set to fall further. A recovery is underway, but the economy is operating with huge amounts of spare capacity that could easily push inflation into negative territory. A deflationary, high risk environment means that monetary policy is set to remain ultra-loose well into 2021.”


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