Savings to suffer as consumer price index rises again
With the CPI rising again in January to 3.5%, basic-rate savers with an average instant access account could see their cash fall by nearly 3% • Datablog: UK inflation back to 1948 Savers face having their money eroded in value following a second big increase to the consumer prices index in January, product comparison sites warned today. Following a rise in the CPI to 3.5% last month, Moneyfacts …
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