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Inflation Rises to 4.4 Percent
07/09/2011
It was recently reported that the Consumer Price Index (CPI), which is a measure of inflation, has risen by 0.2% to 4.4% in July.
The Retail Price Index (RPI) remains at a steady 5%.
The anticipated rise in rail fares is likely to be as high as 8% (RPI plus 3%), which will continue to make consumers 'worse off' financially.
Given that the rate of interest remains low to assist ecomonic recovery, savers continue to loose value of their money as inflation rises.
Homeowners aged over 55 years who are concerned about the effects of inflation and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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