Inflation rises but rates still look set to be cut

That is what is suggested by the latest consumer price index (CPI) inflation figure, which rose in January.
CPI inflation increased to 2.2 per cent in the month, up on the 2.1 per cent figure recorded in December.
It is the highest figure recorded since June 2007, while the retail price index (RPI) rose to 4.1 per cent from four per cent.
Although the figures are strong, inflation did not pick up as quickly as many people had feared, potentially leading to further cuts to the base rate of interest.
"It will be some time yet before the MPC's inflation concerns evaporate," Jonathan Loynes from Capital Economics told the BBC.
The rising costs of fuel and food have been cited as the main reasons behind the increase in CPI and RPI inflation.

Follow the link for information on
the Best Mortgage Rates available
the Best Mortgage Rates available
Related Articles
BM Solutions launch new mortgage ratesHBoS close TMB
New offset mortgage rates from Coventry
New Mortgage Rates from Northern Rock
Mortgage Market Slows
Latest News:
Equity Release special offer annouced by Just Retirement
An announcement from Just Retirement indicates the introduction of a Special Offer availa...
Published: 19-Aug-2008
Sub Five per cent mortgage rate launched
The Mortgage Works has announced the launch of a two year fixed rate buy to let mortgage a...
Published: 19-Aug-2008
BM Solutions launch new mortgage rates
In a surprise announcement last week, HBoS, the group which includes the Halifax and the B...
Published: 18-Aug-2008
HBoS close TMB
HBoS, the group which includes Halifax, Bank of Scotland and Birmingham Midshires, has tod...
Published: 13-Aug-2008
Best UK Mortgage Rates & Remortgage Rates



