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.”
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