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Retail inflation decreases in October to its slowest pace in 2011
09/11/2011
Retail inflation dropped to its slowest pace so far this year to 2.1 per cent during October. This is showing that shops are keeping their prices down despite their own running costs. This will become even more apparent as we draw closer to Christmas.
In September, the retail inflation rate was 2.7% which shows inflation slowing down to its slowest pace since 2010.
Food prices however have increased 4.2% in October compared to a year ago.
But, one thing is clear, prices are still high and cash strapped consumers are finding ways of cutting down.
If you are in need of some extra cash to get you through this Christmas period and are a homeowner aged 55 and over then equity release could be the answer for you.
Through equity release plans you can free up funds that would otherwise be tied up in your property.
To find out how equity release can help you or to find out about borrowing further funds on your existing plan contact the right equity release.
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