Will Hawkley, UK head of Leisure at KPMG comments on the announcement from the Office of National Statistics.
Will said: “In terms of the leisure sector, negative inflation (in this instance) is not as pessimistic as it sounds. With the Bank of England predicting levels to rebound back in to positive territory within 12 months, this short period of deflation could prove a welcome stimulus for the UK economy.”
“With increases to the minimum wage adding cost pressure on the sector, yesterday’s inflation figures are a welcome shot in the arm and will provide consumers with increased confidence and disposable income. It is now up to the leisure sector to ensure they capture their fair share of any increase in consumer spending.”
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Angela Pink, Communications Executive
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This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.