Article preview: Price inflation is inevitable over time, with its eroding impact on fixed incomes and cash savings. Recent years have seen relatively benign inflation, with low interest rates accompanied by slowing rising prices for goods and services. But the latest official figures point to a surprise spike in price inflation. For the year to January, the Consumer Prices Index, including owner-occupiers’ housing costs (CPIH) measure of price inflation rose from 1.4% to 1.8%.
Surprise jump in price inflation
This 469-word blog post considers the latest official price inflation figures. Includes a comment from Alistair McQueen, Head of Savings & Retirement at Aviva. Written on 19th February 2020.
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