The Consumer Prices Index (CPI) measure of inflation rose to 2.7% in August 2018, according to the Office for National Statistics.
The broader Retail Prices Index (RPI) rose to 3.5% in the same period.
Farrell Financial Planning are independent financial advisers (IFAs) based in the Scottish city of Glasgow.
Farrell Financial Planning do not give advice on future inflation or interest rate movements.
Please feel free to explore our website and discover more about the financial advice services we offer.