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|ONS inflation - "Pace may have slowed, but savers still facing double blow over Christmas"|
|Wednesday, 16 November 2016|
Kevin Caley, Founder and Chairman of ThinCats, said: “The softening rate of inflation may have surprised forecasters, but we still face the prospect of inflation climbing to 2.7% in 2017. The pace may have slowed but the continued weakness of the pound seems destined to create a low interest rate, high inflation environment in the coming months.
“This will be a double-blow for anyone relying on their savings or investments to sustain them, especially pensioners living without an inflation linked income. When price rises do kick in, likely before Christmas, people will face increased costs and meagre interest on any savings they keep with the bank.”
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