In a welcome piece of positive economic news for the government, CPI inflation dropped modestly in October to 3.6% from 3.8% in September.
Inflation did not register as a concern for advisers researching investment options for their clients over the last quarter, according to Titan Square Mile’s quarterly Market Intelligence Report.
The State Pension is almost certain to rise by 4.8% in April due to stubborn CPI inflation figures, the latest of which were published today by the Office for National Statistics.
Three in five (60%) of UK savers avoid investing because the see it as ‘too risky’, according to a new report.
CPI rose to 3.8% in July from 3.6% in June amid signs that the government is struggling to control inflation.
Rising food and transport prices pushed up CPI inflation unexpectedly in June to 3.6%, from 3.4% in May.
CPI inflation eased slightly in May to 3.4% from 3.5% in April, ONS said today.
The 12 month CPI rate of inflation - the most widely used inflation measure - spiked up in January to 3% from 2.5% in December.
The number of adviser gilt purchases through AJ Bell Investventre’s gilt dealing service increased by 436% in 2024.
CPI inflation fell unexpectedly in December to 2.5% from 2.6% in November after two months of rises.
CPI inflation has spiked upwards for the second month in a row, to 2.6% in November, ONS reported today.
CPI inflation remained at 2.2% in August, unchanged from the previous month.
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