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This is Money Podcast

What does the latest inflation data mean for our finances for the rest of 2024?

Aug 16, 2024
Lee Boyce, a financial expert, and Georgie Frost, a commentator on economic trends, dive into recent inflation data and its impact on our finances. They discuss rising inflation rates and the consequences for mortgage and savings rates. The duo previews a bustling housing market this autumn and debates the fairness of fines for parents taking kids out of school during term time. They also analyze supermarket struggles amidst rising competition and explore surprising finds in low-cost shopping, particularly on platforms like Aliexpress.
55:46

Podcast summary created with Snipd AI

Quick takeaways

  • The recent inflation increase to 2.2% has not triggered immediate market alarm, reflecting overall stability in the economy despite rising energy prices.
  • Predictions of a vibrant autumn housing market arise from decreasing mortgage rates, which have rekindled buyer confidence and demand during traditionally slower months.

Deep dives

Current Inflation Trends

Recent data indicates a slight increase in inflation, with July's Consumer Price Index (CPI) showing a rise to 2.2%. However, this figure falls under market forecasts, leading analysts to conclude that there is no immediate cause for alarm. The market remains relatively stable, partly due to reductions in core inflation figures. Factors contributing to the inflation uptick include energy prices, although some sectors such as dining and transport have seen decreases, which balances the overall inflation impact.

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