Savings Accounts to Beat Inflation

While the outlook for inflation is rising, interest rates on cash savings accounts are falling leaving many investors with a negative real rate of return

Karen Kwok 16 November, 2016 | 4:40PM
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Inflation fell to 0.9% in October, from 1% the previous month, according to the Office of National Statistics.

Only 229 of the 636 standard savings accounts in the market can now beat 0.9%

The consumer price index (CPI) measure of inflation was widely expected to be 1.1%, and the fall was largely due to the short-term impact of falls in the clothing market and university tuition fees, which rose by less than they did a year ago. The ONS also said falling prices for certain games and toys, overnight hotel stays and non-alcoholic beverages also contributed to the reduction in inflation.

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About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk