Only way is up following today's inflation figures, says KPMG

Only way is up following today's inflation figures

Yael Selfin, Head of macroeconomics at KPMG comments on today’s Office of National Statistics announcement.

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Yael Selfin, Head of macroeconomics at KPMG comments on today’s Office of National Statistics announcement that inflation has turned negative for the first time in more than half a century: “The only way is up going forward. This is very much a temporary phenomenon, with oil prices on the up and wages beginning to edge up too. With uncertainties in relation to the general election out of the way, the agenda should now move back to the timing of the next UK interest rate rise.”

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