Inflation hits double digits for the first time since 1982: How does today compare to 40 years ago?
This is Money Podcast · This is Money
August 19, 202252m 11s
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Show Notes
Inflation is up again with CPI now measured at 10.1 per cent, the highest since February 1982, when Margaret Thatcher was Prime Minister.
How does this bout of inflation compare to then?
Lee Boyce, Helen Crane and Georgie Frost discuss the higher than forecast inflation rate and what is driving it.
With that rate of inflation soaring, a majority of economists believe another 0.5 percentage point increase in base rate is on the cards next month.
But what would a base rate of 3, 5 or 7 per cent do to mortgage rates and property prices?
Britons are estimated to have billions 'lost' in pension, investment and bank accounts – how do you go about tracking it down?
And with thousands of students opening their A Level results this week, Lee reveals how he has already built a £10,000 investment pot for his three-year-old, in case she decides to go into further education.
How does this bout of inflation compare to then?
Lee Boyce, Helen Crane and Georgie Frost discuss the higher than forecast inflation rate and what is driving it.
With that rate of inflation soaring, a majority of economists believe another 0.5 percentage point increase in base rate is on the cards next month.
But what would a base rate of 3, 5 or 7 per cent do to mortgage rates and property prices?
Britons are estimated to have billions 'lost' in pension, investment and bank accounts – how do you go about tracking it down?
And with thousands of students opening their A Level results this week, Lee reveals how he has already built a £10,000 investment pot for his three-year-old, in case she decides to go into further education.
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