Inflation in Britain hit 4.5% in April – its highest level since October 2008 – up from 4% in March, based on the Consumer Prices Index (CPI). The bigger-than-expected rise was due to a jump in transport costs, particularly Easter rises in air and sea fares, and alcohol and tobacco. The Retail Prices Index (RPI) measure of inflation – which includes mortgage interest payments – fell slightly to 5.2% from 5.3% in March. Talk to us today about protecting your wealth from inflation.
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