MSE News: Inflation hits 17-month high

edited 18 May 2010 at 2:52PM in Savings & Investments
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MSE_GuyMSE_Guy MSE Staff
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edited 18 May 2010 at 2:52PM 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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Replies

  • poppy10_2poppy10_2 Forumite
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    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
  • arthaartha Forumite
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    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
  • Sceptic001Sceptic001 Forumite
    1.1K Posts
    How about: Best savings rates: RPI (5.3% last year) + 1%
  • steady__eddiesteady__eddie Forumite
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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 ?
  • daviedeedaviedee Forumite
    19 Posts
    same with me my leeds inflation buster isa matures may 31st
  • arthaartha Forumite
    5.3K Posts
    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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