Inflation hits a four year high of 2.9%

Good news and inflation haven’t shared an article for quite some time. Today is unfortunately no different. A bulletin, released by the Office for National Statistics (ONS), reveals that the rate of inflation as measured by the Consumer Price Index (CPI) has risen to 2.9%, the highest level in nearly four years. Relatively high inflation has been a recurring point of discussion since the start of the year, when it grew to 2.3% and showed no signs of slowing down. With a peak of 4.1% now predicted by the end of the ...

One in three savers doesn’t know how to fight inflation – are you one of them?

New research commissioned by Zurich suggests that just over a third of savers are unsure of how to protect their money against rising inflation. The survey was carried out by YouGov, and asked 4,000 UK adults what they thought the best way to beat inflation was. The results showed that the most popular methods to beat inflation were: Investing in property (27%) Cash ISAs (13%) Stocks & Shares ISAs (7%) Bank and building society accounts (6%) Investing in the stock market (4%) Pension savings (3%) Other (3%) 37% of people said that ...