UK Inflation Set To Rise To 4% In 2017
Inflation set to rise in 2017
The National Institute for Economic and Social Research (NIESR), expects consumer price inflation (CPI) to peak at 4% in late 2017, a sharp jump from the most recent reading of 1%.
UK Fund managers have largely agreed that inflation could leap as high as 5% over the next year, but warned this could impact badly on real wage growth and limit consumer spending in the short term.
Consumer price inflation has been nudging up gradually over recent months, reaching a 22-month high of 1% back in September.
