Inflation plunges to four-year low as fuel costs nosedive – but prices of toys, puzzles, computer games and WHISKY rise as families try to make lockdown more bearable The CPI rate of inflation tumbled from 1.5% in March to 0.8% in April, ONS says Fall largely triggered by the reduction in petrol prices amid global … Read more
Pints of Guinness, cinema popcorn, haircuts and airport parking were all stripped out of Britain’s latest inflation basket as statisticians tried to calculate price changes in the middle of the coronavirus lockdown. In the first inflation reading since the country went into lockdown on 23 March, the Office for National Statistics said the prices of … Read more
Will the best savings account soon pay less than 1%? Savers at the mercy of inflation as market-leading easy-access rate is slashed from 1.20% to 1.05% RCI Bank – which funds Renault car finance deals – followed Marcus Bank The Goldman Sachs-backed bank cut its easy-access rate to 1.05% on Tuesday Ford Money pulled a … Read more
The cost of living is likely to keep easing up as Britain’s economy falters, according to economists tracking the financial toll of the coronavirus pandemic. Inflation could fall to 0.5 per cent over the summer, Howard Archer, chief economist at the EY Item Club, claims. This is well below the Government’s 2 per cent target. … Read more