UK CPI Inflation Falls – ‘Bah humbug’ Christmas for Savers

Inflation figures released today show that the Consumer Prices Index (CPI) fell from 1.3% to 1% during November.

To beat inflation, a basic rate taxpayer at 20% needs to find a savings account paying 1.25% per annum, while a higher rate taxpayer at 40% needs to find an account paying at least 1.67%.