Inflation unexpectedly dropped last month, official figures show today, weakening the prospect of an imminent interest rate hike by policymakers at the Bank of England.
No standard savings account can beat the current rate of inflation, meaning virtually every savings vehicle is a 'losing' account if the cost of living continues to rise at the same pace.
Savers and motorists have suffered another blow as higher fuel prices helped keep rises in the cost of living over the past year well above the Bank of England's inflation target.
Savers were once again left reeling as higher air fares and food bills helped keep rises in the cost of living over the past year well above the Bank of England's inflation target.