Blog Post

Price rises hit highest level in nearly a decade

TomS - Head Tom Simper Sep 24, 2021, 10:15 AM
226_Dataloft_inform_Insight

Inflation, the rate at which prices are rising, recorded a record jump in August rising to 3.2% up from 2.0% in July.

Food and petrol prices are considerably higher than this time a year ago, when travel restrictions remained and many diners were supported by the Eat Out to Help Out Scheme.

The rise is expected to be temporary, latest government forecasts predicting inflation will be 2.4% a year from now, before falling back below the government's 2.0% target in 2023.

Rising inflation places pressure on the Bank of England to raise interest rates to curb spending. As our Editor's Pick last week indicated, these may well rise slightly over the next year. Source: Dataloft, ONS

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Very satisfied with the service from the beginning to the present, thank you Gill for always being attentive."

- Sarah

"I would have no hesitation on recomending Gill and her team to manage a property or portfolio, in fact I think anyone would be mad to go anywhere else!"

- Barry

"The experience was good"

- Bailey

"They are truly the best"

- Paulina

"Both very Knowledgeable about the all properties I was inquiring about"

- Joanne

"Sean is lovely every time he comes round to do an inspection on the house, really polite"

- Charlotte

"The attention to detail and commitment to customer service is remarkable."

- Asad

"Abbey was lovely, really helpful and informative, thank you!"

- Lisa