Inflation to remain 'under pressure' as consumer demand weakens

CPI at 0.2% in August

clock
The Eat Out to Help Out scheme was credited with dropping inflation to 0.2%. Photo: HM Treasury/Flickr CC BY-NC-ND 2.0
Image:

The Eat Out to Help Out scheme was credited with dropping inflation to 0.2%. Photo: HM Treasury/Flickr CC BY-NC-ND 2.0

The UK Government's Eat Out to Help Out scheme is behind the "sharp drop" in inflation in August to the lowest level since 2015, with investors warned to expect inflation to remain volatile and "under pressure" as consumer demand slows heading into Autumn.

Derrick Dunne, chief executive of Beaufort Investment, said: "The UK is now at risk of near-term negative inflation, albeit likely temporarily, after a very sharp drop in inflation in August which left...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

ESG investments poised to reach $30trn by 2030

ESG assets to hit £30trn 'within the next decade'

Net flows for the first nine months of 2021 have already surpassed the full-year total for last year

clock 02 December 2021 • 1 min read
Abrdn CEO Stephen Bird

Abrdn close to sealing £1.5bn interactive investor deal - reports

Deal could be announced this Thursday

Pedro Gonçalves
clock 02 December 2021 • 1 min read
Industry Voice: Global equities - moving beyond the in between towards a new normal

Industry Voice: Global equities - moving beyond the in between towards a new normal

RLAM
clock 30 November 2021 • 1 min read