Rate of inflation slows in August

New figures out today from the Office of National Statistics (ONS) show that the rate of inflation fell slightly in August. The Consumer Prices Index (CPI) fell to 2.5% in August, from 2.6% in July, whereas the Retail Prices Index (RPI), which includes housing costs, fell from 3.2% to 2.9%. The ONS said that falling clothing prices, and reductions in the cost of household goods, helped to contribute to the slowdown, although petrol and rail fares have risen. Rate of inflation falling Today’s figures form part of a trend of falling inflation, with only two months out of the past 12 showing an increase. Inflation ...

Savings: Inflation falls, but don’t get complacent about your savings

Savings: Inflation falls, but don't get complacent about your savingsInflation has fallen to its lowest level since 2010, but that shouldn’t be a reason to get complacent about your saving, because interest rates seem to be falling too. Current levels of inflation The rate of inflation fell last month, with CPI (Consumer Prices Index) falling to 2.8% and RPI (Retail Prices Index) dropping to 3.1%. Whilst this undoubtedly represents good news it shouldn’t mean we get complacent about our savings, they still need to ...

Rate of inflation falls again

New figures show that inflation has fallen to its lowest level since early 2010. Data released by the Office for National Statistics (ONS) shows that the Consumer Prices Index (CPI) fell to 2.8% in May from 3% in April. The Retail Prices Index (RPI), which includes housing costs, also fell, this time from 3.5% in April to 3.1%. Reasons for the fall in rate of inflation At its peak, in September 2011, the rate of inflation rose to 5.2%, however since then it has gradually fallen, albeit with a couple of jumps back up along the way....

Sharp fall in the rate of inflation

Figures released today by the Office for National Statistics have shown a sharp fall in the rate of inflation. The Consumer Prices Index (CPI) fell by 0.5% in April to 3%, whilst there was a smaller fall in the Retail Prices Index (RPI) which dropped by 0.1% to 3.5%.   The falls take inflation to its lowest level for two years and is being seen by some financial experts as part of a downward trend since September 2011 when CPI stood at 5.2% and RPI was 5.8%....