Inflation: Expert discusses Consumer Price Index rise of 2.1% Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Inflation has risen to 2.1 percent, rising above the Bank of England’s target for the first time in nearly two years, with alcohol, clothing and housing prices all contributing to the increase. In light of this, many financial experts have issued warnings on how the nation’s savers and retirees will be hit by increasing costs. Related articles State pension: How to get a forecast as payments are set to jump ‘More misery for savers’ – inflation rate busts Bank of England target READ MORE Martin Lewis issues alert to every mortgage holder as rates drop Jason Cozens, the Founder & CEO of Glint, broke down how rising inflation is a global issue which consumers should be concerned about if they aren’t already. He said: “Inflation is out of control. Consumers should be deeply… Read full this story
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'Inflation is out of control': Rising costs to halve pension spending power - what to do have 303 words, post on www.express.co.uk at June 16, 2021. This is cached page on Drudgereport. If you want remove this page, please contact us.