Inflation is expected to have fallen in July, according to official statistics 📉 Here’s what falling inflation means for you and your money, explained by lauriehavelock
– though these are determined by the long-term trends in the cost of borrowing, rather than specific rate rises.
“The majority of the bigger lenders have announced rate reductions in the past week, and this has also been reflected in the buy-to-let market.” Anna Bowes, founder of Savings Champion, has previously noted that falling inflation can help “mitigate” against this to an extent if interest on savings accounts stays the same.While inflation is a measure of price rises, it accounts for a wide range of goods and services – including petrol, insurance and other varying costs – and does not affect them all equally.has been running higher than average price rises, however. In June’s ONS data it stands at 18.4 per cent.
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