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 ...

Rate of inflation falls again, although a rise may be round the corner

Rate of inflation falls again, although a rise may be round the cornerThe rate of inflation slowed again in September, although some experts are now predicting that last month marks the bottom of the current cycle, and we can expect prices to rise more quickly in months to come. The Consumer Prices Index (CPI) fell to 2.2% in September from 2.5% in August. The CPI measure of inflation is now at its lowest rate since September 2009 and close to the ...