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MSE News: Inflation hits 17-month high
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"The Consumer Prices Index hit 3.7% last month, driven by rising food costs and tax hikes ..."
"The Consumer Prices Index hit 3.7% last month, driven by rising food costs and tax hikes ..."
Read the full story:
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Comments
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Incidentally, while CPI has hit a 17-month high, RPI has hit a 19-year high - the last time RPI was this high (5.3%) was in June 1991.
The surge is due to the fact that both house prices and monthly mortgage payments were falling last year, due to the housing crash and slashed interest rates by the BoE, whereas now house prices are rising and monthly mortgage payments are static or slightly rising.
poppy100 -
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How about: Best savings rates: RPI (5.3% last year) + 1%0
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Things are looking slightly rosier then for my Leeds Inflation Buster ISA then which I was too lethargic to close last year.
I wonder if my luck will be in and this trend will continue until July the 31st ?0 -
same with me my leeds inflation buster isa matures may 31st0
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