15/09/2021
The highest month-on-month rise in was seen last month, rising to 3.2%. What does that mean?
If you've had less than a 3.2% pay rise this year, your money will not go as far as it did last year. It is predicted that this increase will be temporary, but it has also been shown that energy prices are on the rise, National Insurance (N.I) is rising, and we are still seeing the impact of Brexit play out.
With furlough ending in a fortnight, and winter on its way (and the additional costs that that creates), now would be a great time to review your personal finances to ensure you are still confident with your household economy. This includes reviewing your savings as, if you are getting less than 3.2% interest you may not be growing your wealth as efficiently as you could be.
Goldstar Consultancy
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The UK inflation rate hit 3.2% in the year to August, according to the latest official figures.