Inflation Falls Below 10% As Interest Rate Rises Start To Hurt The Economy And Consumers

Inflation Falls Below 10% As Interest Rate Rises Start To Hurt The Economy And Consumers UK inflation has finally fallen below 10% to 8.7%, but core inflation, excluding food, rose by the highest amount since 1992. The Bank of England recently followed Fed and ECB with twelfth successive interest rate hike by 0.25% to 4.5%. Further interest rate rises are expected adding more pain to householders. Some borrowers seeing their payments double after their fixed-rate deals have expired, but lenders are trying to keep rates down using innovative fee structures. The Banks’ governor Andrew Bailey expects inflation to start going down this year as wholesale energy costs filter through to consumers. Average inflation may have fallen below 10%, but mortgage costs, rent, food and energy costs have risen by far more. ·        Official inflation rate stands at 8.7% - four times the target rate ·        Core inflation excluding items like food rose to 6.8% ·        Food costs are rising at highest rate in 45years ·        Food inflation is 19% according to official figures ·        Learn how to manage your money on my free webinar... Watch full video - https://youtu.be/Fej9_rVc4eI What is your biggest money worry? Fear of poverty and running out of money are the biggest worry of millions of American retirees. We are living in challenging times and a cost-of-living crisis, and even the mighty German economy is now in recession, but you don’t have to be a victim. I want to show you how can you: ·        Not only survive, but thrive in a recession or depression? ·        Get control of your finances and spending? ·        Save and invest for your future? ·        Learn about money and finance? To help you, I am running a 5-day challenge series.  Money Management and Financial Freedom! I want to help you get control of your money, learn how to invest and become financially free. Check it out below: Master Your Money In 28 Days 5-Day Series - https://youtu.be/1xxq9by8P3o #interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #FED #ECB #financialfreedom