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MSE News: Energy price hikes help inflation climb

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MSE News: Energy price hikes help inflation climb

edited 30 November -1 at 1:00AM in Energy
3 replies 1.4K views
MSE_GuyMSE_Guy MSE Staff
1.7K posts
I've been Money Tipped! Newshound! Chutzpah Haggler
edited 30 November -1 at 1:00AM in Energy
This is the discussion thread for the following MSE News Story:

"The rate of inflation continued to rise last month, as utility bill hikes hit a two-year high and clothing costs soared ..."

Replies

  • It seems the only people who gain from this are the reckless types who have borrowed up to the hilt, what does this say about the moral of money saving? Perhaps if bank accounts had to disclose the true interest rate, there would be an outcry. 'Your current account interest rate is minus 5.2%, this means that £1000 saved in this account will be worth £950 a year from now in real terms'

    For savers, thank God for Index Linked National savings Certificates
  • ConsumeristConsumerist Forumite
    5.4K posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    cepheus wrote: »
    For savers, thank God for Index Linked National savings Certificates
    Sadly gone and will have been missed by many. R.I.P.

    Does anyone else get the feeling NS&I knew something about this month's inflation which we didn't ?
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • Everybody could see from the Bank of England's latest reports that all the pundits were predicting a rise in inflation. Even without this everyone knew energy and clothing prices were going up. I don't think NS&I needed, nor had, any insider knowledge.
This discussion has been closed.

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