What do RPI and CPI actually mean?
RPI and CPI have been in the news a lot recently, but what do they actually mean and why are they used to measure inflation?
RPI (the retail price index) is basically a measure of how much the price of …
Inflation hits new highs
Inflation hits a high of 5.2% in September 2011.…
Your retirement income choices explained
After years of saving into your pension pot and you’ve decided that you want to retire, you’ll need to decide what you want to do with the money. You can normally start taking your income from age 55. There are …
UK inflation hits 4.5% in August
Inflation in the UK rose to 4.5% in August on the government’s preferred consumer prices (CPI) measure, up from 4.4% in July.
The broader retail prices index (RPI) showed a rise to 5.2% in August, up from 5% in July.…
Bank of England holds interest rates at 0.5%
The Bank of England has decided to hold interest rates at
0.5%…