Inflation continues to ease latest CPI shows

Bradley Post, CEO of finance experts, RIFT Tax Refunds, commented:

“An unexpected spike in inflation will be very unwelcome news for many households who continue to struggle with the current high cost of living and who have already seen their finances stretched to breaking point.

There was hope that we had overcome the peak and that the Bank of England’s aggressive tightening cycle could soon come to an end.

However, given today’s surprise spike, we can certainly expect to see a further increase in interest rates come tomorrow as the Bank of England maintains its mission to halve inflation this year.”