Inflation figures - PwC's senior economic adviser comments

Published at 10:35 AM on 13 October 2015

Commenting on the ONS monthly UK inflation figures out today, Andrew Sentance, senior economic adviser, PwC, said:

"UK inflation continues to be held down by falling food and motor fuel prices. Excluding food and energy, however, inflation is stable at 1% and services inflation has picked up to 2.5%.

"Though prices have fallen slightly over the past year, the risk of persistent deflation is remote. Indeed, as lower food and energy prices start dropping out of the annual inflation rate, we should expect inflation to move back towards 2% next year.

"In the meantime, inflation around zero accompanied by stronger wage increases is boosting consumer incomes and spending, supporting the UK recovery. So we should welcome this period of very low inflation and not worry unnecessarily about deflation."


Gill Carson
PwC | Media Relations Manager
Office: 020 7212 1391 | Mobile: 07837 285466
Email: [email protected]
PricewaterhouseCoopers LLP
twitter: @gill_carson



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