The rate of inflation, or the Retail Price Index, is currently more than twice the Government target of 2%. The Bank of England expect this rate to increase to 5% by the end of 2011.
The Consumer Price Index is a measure of inflation, minus housing costs such as mortgage payments and is used as a more indicative measure of the cost of living than the Retail Price Index.
Homeowners aged over 55 years who are worried about 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.