Inflation

This week's Retirement Planner quick-fire poll asks: Do clients on a fixed income understand the effect inflation can have on their purchasing power over the long term?

We bring you a round-up of the rest of this morning's news.

Price pressures across a number of areas forced UK CPI annual inflation up from 4.2% in June to 4.4% in July.

Sterling fell to its lowest level against the euro for a month after the Bank of England cut its growth forecast for this year.

Angelos Damaskos, CEO of Sector Investment Managers, explains why gold and oil are good inflation hedges.

Inflation in the eurozone dropped 0.2% to 2.5% in July, surprising analysts which forecast the figure to remain unchanged.

Fewer than half of the funds in the IMA Absolute Return sector have managed to provide investors with a real return greater than the rate of inflation.

Euro inflation held steady at an annual rate of 2.7% in June, according to figures out today.

UK consumer price inflation fell from 4.5% in May to 4.2% in June despite food prices remaining high.

Senior European Union (EU) officials are set to meet later on Monday to discuss the eurozone's continuing debt woes.