Inflation: ‘”Two out of three ain’t bad”, welcome news for savers as inflation falls to new low

Inflation: ‘”Two out of three ain’t bad”, welcome news for savers as inflation falls to new lowIt’s not often you get to quote Meatloaf in an article about inflation and savings but today we’ll make an exception. Over the past few years savers have been hit hard from three sides: 1. High inflation, which was eroding the value of capital, with interest rates higher than the rate of price increase 2. Low interest rates, pushed down by the ...

Inflation: Good news for savers as inflation hits 2% target?

Inflation DecFigures released yesterday show that inflation finally hit the Government’s 2% target of in December, but is this good or bad news for savers? According to data released by the Office for National Statistics (ONS), inflation, as measured by the Consumer Prices Index (CPI), fell to 2% in December, down from 2.1% in November. It is the first time the Bank of England, the organisation tasked with keeping inflation at the 2% target, has been able to do so since November 2009....

Light at the end of the tunnel for savers as inflation drops sharply

Inflation RateNew figures have shown the rate of inflation dropped sharply last month. The data released today by the Office for National Statistics (ONS), shows the rate of inflation in October slowed dramatically to 2.2%, from 2.7% in the previous month. The sharp fall takes the rate of inflation to its lowest level for a year and will allow the Bank of England, who is targeted to keep inflation at 2%, a small sigh of relief....

Savings: A new account to beat inflation

Leeds Building SocietySavers struggling to find a real, above inflation return, will welcome the launch of two new accounts from the Leeds Building Society. Inflation, as measured by the Consumer Prices Index (CPI), currently stands at 2.80%; savers who receive interest, after tax, of less than this figure, will see the real value of their savings shrink. Since the financial crisis savers have been hit by low interest rates, but the situation has been made worse by relatively high inflation and cuts to savings ...