Britain can’t rely on low inflation to deliver to growing pay packets 18 July 2018 Responding to the latest ONS inflation figures today (Wednesday), showed that CPIH inflation remained at 2.3 per cent in June, Stephen Clarke, Senior Economic Analyst at the Resolution Foundation, said: “As the impact of the Brexit vote on the pound – and consequently on the price of imported goods – continues to unwind, headline inflation is now being driven by cost of living changes to fuel and utility costs. “It looks unlikely that we’ll be returning to the ultra low inflation levels of 2015. That means stronger pay rises – well in excess of the 2.7 per cent growth we’re currently experiencing – will be needed or families’ living standards prospects risk being determined by the prices of overseas goods.”
