Press releases

Deloitte’s chief economist inflation figures comment

12 September 2017

Commenting on the latest inflation figures, published this morning by the Office for National Statistics, Ian Stewart, chief economist at Deloitte, the business advisory firm, said:

“It is pretty remarkable that, with inflation near 3.0% and unemployment at the lowest level in over 40 years, we are not seeing much wage inflation.

“That means a further squeeze on consumers - but it also means higher inflation is not feeding back into the economy in the form of wage growth.

“The scene looks set for an easing of inflation pressures through 2018.”

End

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

Member of Deloitte Touche Tohmatsu Limited.

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