The rate of increase in the cost of living is likely to come down, but only slowly, according to our panel of City economists. The peak should come in the September inflation figures, due to be released by the Office for National Statistics in October. These normally form a key input into pay decisions for the following January. However, if the economists’ predictions are correct then many employers may want to wait until the October figures are released in November, to see whether the peak has indeed passed...
