HNW inflation rate closes in on 10%

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High net worth individuals are experiencing an inflation rate for goods and services of 9.5%, compar...

High net worth individuals are experiencing an inflation rate for goods and services of 9.5%, compared with 2.1% for the UK population at large, according to research by private bank Coutts & Co. The Coutts Wealth Inflation Index (CWII) is based on the spending habits of the holders of Coutts' World Card, covering high income households whose expenditure is likely to be excluded from the widely accepted CPI and RPI inflation trackers. It is based on a basket of luxury goods and services, price-matched by Coutts over 12 months to gauge the rate of inflation. Coutts said the number of wea...

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