Tuesday, April 30, 2024
HomeSavings & Money NewsDespite the recent dip, ‘inflation is eating its way into savers’ hard-earned...

Despite the recent dip, ‘inflation is eating its way into savers’ hard-earned cash’

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LONDON (CU)_Figures issued by the government on Wednesday (18 August) showed that inflation in the United Kingdom fell to 2 per cent in July, from 2.5 per cent in the previous month. While the news may be a cause for relief for savers in the European nation, an expert at Moneyfacts.co.uk warns that the market remains challenging, especially since inflation is expected to rise again over the coming months.

According to a finance expert at the company, a study conducted recently has found that…

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