Inflation

Fiona Murphy asks IFAs how government austerity measures have affected clients' retirement planning.

Eight in ten pensioners expect the value to their pension will decline due to inflation, according to AXA Wealth.

Goldman Sachs Asset Management chairman Jim O'Neill looks back over a week of mixed economic indicators from two of the world's leading powerhouse nations.

Latest forecasts suggest the economy will return to growth over the next six months, boosted by falling inflation and a pick-up in consumer spending.

The Bank of England's Monetary Policy Committee (MPC) voted five to four to maintain quantitative easing (QE) at £325bn this month, overruling the governor and three colleagues who called for further expansion.

The UK's inflation rate posted another surprise drop in May, falling to 2.8%, as the lack of activity in the UK continues to bring prices down sharply.

The Office for National Statistics has proposed a new inflation measure to replace the Consumer Prices Index (CPI) which would include housing costs in the calculation.

Quantitative easing (QE) has been an "unmitigated disaster" for anyone about to retire or people who have just bought an annuity, a pensions expert has said.

The International Monetary Fund (IMF), headed by Christine Lagarde, has urged the UK to consider introducing more quantitative easing and cut interest rates.

Inflation in the UK dropped in April, beatings the consensus forecast.