This is Money Podcast
Inflation strikes back: How worried do we need to be?
Feb 21, 2025
Tanya Jeffries, an expert on inflation and finance, shares her insights on the recent spike in inflation and its implications for personal finances. The discussion covers supermarket challenges from rising operational costs and changing consumer habits. Tanya suggests strategies for safeguarding wealth, emphasizing the importance of budget management and diverse investment options amid economic uncertainty. Listeners also gain clarity on choosing between pensions and ISAs, while navigating the complexities of state pension forecasts and premium bond rates.
54:20
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Quick takeaways
- Rising inflation, primarily driven by increased food prices and operational costs, signals potential challenges for consumers and the economy.
- Investors must weigh the benefits of pension contributions versus ISAs, each offering distinct advantages tailored to individual financial goals.
Deep dives
Inflation Concerns and Economic Outlook
Inflation has returned with a rate of 3%, surpassing expectations and raising concerns about its future trajectory. Core inflation, which excludes volatile food and energy prices, has also jumped, indicating deeper economic issues beyond temporary fluctuations. There are worries about stagflation, where stagnant growth coincides with rising prices, further complicating the economic landscape. Despite these concerns, the Bank of England remains relatively unconcerned, hinting that rising inflation may be a temporary issue rather than a long-term crisis.
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