Savers marred by inflation

Savers are feeling the full effects of rising inflation. People who are managing to set aside extra money in savings accounts are not making a return. The fifth successive month of rising inflation is preventing savers from making a real return on their saved cash. CPI hit 4.4% last month and RPI rose to 5.5%, the highest level since 1990. As a result the savings product market has become almost bereft of accounts that pay enough interest to negate inflation.