UK inflation hits 17-month high
UK inflation accelerated again in April to hit its highest rate in 17 months, official figures show.
On the Consumer Prices Index (CPI) measure, inflation hit 3.7% - well above the target of 2% and the highest rate since November 2008.
On the Retail Prices Index (RPI) measure, which includes housing costs, inflation was up to 5.3% - its highest rate in 19 years.
Cont/...
UK inflation accelerated again in April to hit its highest rate in 17 months, official figures show.
On the Consumer Prices Index (CPI) measure, inflation hit 3.7% - well above the target of 2% and the highest rate since November 2008.
On the Retail Prices Index (RPI) measure, which includes housing costs, inflation was up to 5.3% - its highest rate in 19 years.
Cont/...
Now's the time to borrow. Low interest rates and inflation to erode the principle. If you're inclined towards a punt in that direction.