UK inflation hits its highest level in almost three and a half years. We look at the damage inflation can inflict on your money and investments.
UK inflation has hit its highest level in almost.. City A.M.
Inflation in Britain surged again last month. Consumer prices were up by a stronger-than-expected 2.3 percent thanks to more expensive fuel and food. That was up from the previous month’s 1.8 percent.. Source: Euronews English -
British inflation last month shot past the Bank of England's 2 percent target for the first time since the end of 2013 and looks set to climb further due to the Brexit hit to the pound and rising.. Source: Rumble -
Mar.21 -- U.K. inflation grew faster than expected in February, moving past the Bank of England's target for the first time in more than three years. Bloomberg Intelligence's Dan Hanson reports on.. Source: Bloomberg Global Business -
Euro zone inflation and the PCE inflation number for the U.S. that the US Federal Reserves looks at closely are due for release in the coming week. If either hit two per cent, it could trigger central.. Source: Reuters Studio -
Estate agents Savills has warned that the current rate of house price growth is not sustainable in the UK as inflation and stagnating wages pile pressure on consumers.
In February, house prices.. City A.M.
We wrote last year about our expectation that inflation would soon start to re-emerge in Europe, and that banks were likely to be among the chief beneficiaries.
This scenario has indeed come to.. City A.M.
Consumer price inflation is expected to reach 1.9 per cent in January, taking it to its highest level since June 2014.
It comes as businesses in the capital have faced the fastest rise in input.. City A.M.