MSE News: Inflation hits 17-month high

Former_MSE_Guy
Former_MSE_Guy Former MSE Posts: 1,650
I've been Money Tipped! Newshound! Chutzpah Haggler
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edited 18 May 2010 at 3:52PM in Savings & investments
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 ..."
Read the full story:
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Comments

  • poppy10_2
    poppy10_2 Forumite Posts: 6,561
    Part of the Furniture 1,000 Posts Name Dropper
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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.

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    poppy10
  • artha
    artha Forumite Posts: 5,254 Forumite
    poppy10 wrote: »
    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.

    ]

    Does this mean that on the main site we will see "best savings rates" at "6.3% - Tax Free" ? Let's not go there again
    Awaiting a new sig
  • Sceptic001
    Sceptic001 Forumite Posts: 1,111 Forumite
    How about: Best savings rates: RPI (5.3% last year) + 1%
  • steady__eddie
    steady__eddie Forumite Posts: 1,455
    Part of the Furniture Combo Breaker Uniform Washer
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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 ?
  • daviedee
    daviedee Forumite Posts: 19 Forumite
    same with me my leeds inflation buster isa matures may 31st
  • artha
    artha Forumite Posts: 5,254 Forumite
    artha wrote: »
    Does this mean that on the main site we will see "best savings rates" at "6.3% - Tax Free" ? Let's not go there again

    Sure enough it's there on the main site
    Awaiting a new sig
This discussion has been closed.
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