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Mowatt Financial Planning: Inflation

Wednesday, 18 January 2012


The latest inflation figures from the Office of National Statistics show that inflation in December has fallen. The CPI has fallen to 4.2% from 4.8% in December and the RPI has fallen to 4.8% down from 5.2%.

The biggest downward contributors to this change are petrol, gas and clothing with the only upward pressure being from landline and mobile phone charges. Of course prices are still going up, only not as quickly.

We can expect a further fall in January when the effect of the VAT increase has been included for a full year.

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