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Rod McKie, head of retirement propositions at insurer Zurich UK Life, says this may eventually feed through to lower inheritances.
He added that the drop in oil prices was "sharply" lowering the price of goods bought and sold by manufacturers, which could also feed through to lower consumer prices.
In its quarterly review, NIESR concluded that the weak recovery would feed through to lower tax revenues.
Conventional economic models reckon that it takes 6-12 months for lower interest rates to feed through to lower mortgage costs and cheaper loans for consumer durables such as cars.
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Crest said sales had been improving since the beginning of 2013, helped by the Funding for Lending scheme, which was feeding through to lower mortgage rates for borrowers, and the Help to Buy scheme announced in the March budget.
There are signs that the funding for lending scheme is feeding through to lower interest for first-time buyers, but the Council of Mortgage Lenders expects total transactions to edge up from 930,000 to 950,000 in 2013, but slip back again in 2014.
The 2006 increase probably accounts for a big drop in field development in 2008 and 2009, which fed through to lower output by 2011.What, then, accounts for the rebound?
"Inflation is likely to bobble around 3% for the next few months before heading down towards the 2% target next year, as weak wage growth feeds through to lower costs and inflation," he predicted.
In particular, a likely rise in interest rates as the American economy picks up speed will feed through to higher mortgage rates and lower property prices here.
RBS will face questions about its response to the Bank of England's demand that lower rates feed through to customers when it reports its results on Friday.
Put simply, if savings can be achieved through ratings, customers will want to maintain their reputations and that will feed through to more careful behaviour and ultimately a lower number of claims.
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