A shock jump in inflation last month has sparked fears that Britain could face a cost of living crisis as the impact of the recession hits people hard in their pockets. With further mass job cuts on the cards as the Government’s furloughing scheme comes to an end in the autumn, higher prices for products … Read more
Rising cost of clothes, fuel and household goods drives increase in Consumer Price Index from from 0.8% in June to 1.1% in July, ONS data shows Office for National Statistics said Consumer Prices Index inflation lifted to 1% New figure is a rise from 0.6% in June after economists said it would stay flat Retail … Read more
Inflation set to hit MINUS 0.3% this month in danger sign for pensions By Dan Atkinson, Financial Mail on Sunday Published: 21:59 BST, 15 August 2020 | Updated: 21:59 BST, 15 August 2020 Inflation is expected to turn negative this month in defiance of huge amounts of money creation by the Bank of England and … Read more
Inflation edges up to 0.6 per cent as summer clothes sales fail to materialise and prices for computer games rise during lockdown Inflation on CPI measure edged up from 0.5 per cent to 0.6 per cent last month Summer clothes sales failed to materialise and computer games costs went up Rises were offset by vegetable … Read more
The UK faces the biggest peacetime deficit in history with the risk unemployment could hit 13 per cent – and the economy might not recover for five years. A new assessment from the government’s OBR watchdog has painted a much bleaker picture of the country’s prospects for a swift bounceback from coronavirus. It suggested GDP … Read more
More than 600 savings deals now match or beat inflation after prices rose by their lowest level in May since the 2016 Brexit referendum, but with rates at record lows the news will bittersweet for savers. The consumer prices index measure of inflation stood at 0.5 per cent in May, a four-year low and the … Read more
Inflation hits FOUR-YEAR low of just 0.5 per cent as fuel and clothing prices tumble – but food costs rise The CPI inflation rate has fallen to 0.5 per cent, the lowest level for four years Record fall in fuel and reductions in clothing contributed to the headline figure Only food and drink in positive … Read more
What is gold – is it a hedge against inflation or against deflation, or just a safe-haven in times of crisis? We ask whether inflation or deflation is the greater risk in the coming months and years and whether gold is a sensible option for investors looking to diversify. With price rises at their lowest … Read more
Pete Comley, the author of the book Inflation Matters, has written a new paper outlining how the coronavirus crash could lead to a wave of inflation in the latter part of the decade. He has written a special column for This is Money, explaining why. Inflation may sink due to the immediate after effects of … Read more
Will the coronavirus crash ultimately lead to a huge spike in inflation? With consumer prices inflation having plunged to 0.8 per cent in April, you could be forgiven for thinking a suggestion of a return to the bad old days of high inflation is wrongheaded. And it’s certainly true that pressing the pause button on … Read more