'A dire situation': Fund managers react as UK inflation hits 6.2%

Up from 5.5% in January

clock • 3 min read

UK citizens should prepare for a painful period of inflation over at least the medium term, according to several investment commentators, with some warning that the CPI could reach as high as 8% by April.

This comes following figures from the Office for National Statistics released today (23 March), which showed that inflation reached yet another 30-year high of 6.2% during the month of February; a 70 basis point uptick from January. Prices increased across the piste, with household goods, food and clothing continuing on an upward trajectory due to supply chain disruption and increased demand. Fixed income manager at Aegon Asset Management James Lynch said energy prices were comparatively modest over the period, with Brent crude rising to $90 a barrel, up from $80 over the previous three ...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

FIF25: House of Lords member calls for stronger international economic cooperation

FIF25: House of Lords member calls for stronger international economic cooperation

Economics often a driver of geopolitical instability

Sorin Dojan
clock 04 June 2025 • 2 min read
Woodford sets date for portfolio platform launch

Woodford sets date for portfolio platform launch

W4.0 will launch on Friday 6 June

Cristian Angeloni
clock 03 June 2025 • 1 min read
FCA seeks feedback on stablecoin and crypto policy proposals

FCA seeks feedback on stablecoin and crypto policy proposals

Feedback deadline set at 31 July

Patrick Brusnahan
clock 29 May 2025 • 1 min read