MSE News: Energy price hikes help inflation climb

Former_MSE_Guy

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 ..."

Read the full story:
Energy price hikes help inflation climb

cepheus

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

Consumerist

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 ?

oldvicar

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.