Inflation set to hit MINUS 0.3% this month in danger sign for pensions By Dan Atkinson, Financial Mail on Sunday Published: 21:59 BST, 15 August 2020 | Updated: 21:59 BST, 15 August 2020 Inflation is expected to turn negative this month in defiance of huge amounts of money creation by the Bank of England and … Read more
Inflation edges up to 0.6 per cent as summer clothes sales fail to materialise and prices for computer games rise during lockdown Inflation on CPI measure edged up from 0.5 per cent to 0.6 per cent last month Summer clothes sales failed to materialise and computer games costs went up Rises were offset by vegetable … Read more
Britain will either have to raise taxes or cut spending to pay £2TRILLION covid bill: New head of the government’s OBR watchdog warns UK can’t rely on inflation to pay off debt over decades The new head of the OBR warned that inflation will not tackle the UK’s debt pile Richard Hughes said 30 per … Read more
More than 600 savings deals now match or beat inflation after prices rose by their lowest level in May since the 2016 Brexit referendum, but with rates at record lows the news will bittersweet for savers. The consumer prices index measure of inflation stood at 0.5 per cent in May, a four-year low and the … Read more
Inflation hits FOUR-YEAR low of just 0.5 per cent as fuel and clothing prices tumble – but food costs rise The CPI inflation rate has fallen to 0.5 per cent, the lowest level for four years Record fall in fuel and reductions in clothing contributed to the headline figure Only food and drink in positive … Read more
What is gold – is it a hedge against inflation or against deflation, or just a safe-haven in times of crisis? We ask whether inflation or deflation is the greater risk in the coming months and years and whether gold is a sensible option for investors looking to diversify. With price rises at their lowest … Read more
Pete Comley, the author of the book Inflation Matters, has written a new paper outlining how the coronavirus crash could lead to a wave of inflation in the latter part of the decade. He has written a special column for This is Money, explaining why. Inflation may sink due to the immediate after effects of … Read more
Will the coronavirus crash ultimately lead to a huge spike in inflation? With consumer prices inflation having plunged to 0.8 per cent in April, you could be forgiven for thinking a suggestion of a return to the bad old days of high inflation is wrongheaded. And it’s certainly true that pressing the pause button on … Read more
Inflation plunges to four-year low as fuel costs nosedive – but prices of toys, puzzles, computer games and WHISKY rise as families try to make lockdown more bearable The CPI rate of inflation tumbled from 1.5% in March to 0.8% in April, ONS says Fall largely triggered by the reduction in petrol prices amid global … Read more
Pints of Guinness, cinema popcorn, haircuts and airport parking were all stripped out of Britain’s latest inflation basket as statisticians tried to calculate price changes in the middle of the coronavirus lockdown. In the first inflation reading since the country went into lockdown on 23 March, the Office for National Statistics said the prices of … Read more