Inflation: Consumer Prices Index holds steady but savers are still punished

Inflation: Consumer Prices Index holds steady but savers are still punishedThe latest inflation figures have shown that the Consumer Prices Index (CPI) remained unchanged last month at 2.7%, whilst the Retail Prices Index (RPI), which includes the cost of housing, rose slightly from 3% to 3.1%. It is the third month in a row that CPI has remained unchanged and is in line with market expectations, despite being above the Bank of England’s 2% target. Higher gas and electricity prices The data ...