Loading...
You are here:  Home  >  News  >  Current Article

What is inflation and what happens when it rises?

By   /  September 15, 2021  /  Comments Off on What is inflation and what happens when it rises?

    Print       Email



You can protect your money from rising prices (Picture: Getty Images)

Margaret Thatcher described it as ‘the unseen robber of those who have saved’, while Ronald Reagan said it was ‘as deadly as a hit man’.

As we emerge into a post-pandemic era, inflation — the steady rise in the cost of the things we buy — is on the rise again, and our finances are at risk.

The UK’s inflation is at its highest rate in nearly a decade, up from the Bank of England’s target of 2% in July to 3.2%

But what does a rise in inflation really mean for your finances?

Here we look at how an environment in which prices are rising at a faster rate than normal can affect your bank balance, and what you can do about it.

What is inflation?



See original article

    Print       Email

You might also like...

Girl, 11, who recently lost dad made to face wall for wearing family earrings to school

Read More →