Currency Debasement Is Wreaking Havoc on U.K. Households.

#inflation #cpi #money #debt #government #mortgage #interestrates

Today we will look at why the Bank of England and the government will continue to inflate the currency at the expense of the "typical households".

We have been told that inflation in the U.K. dropped to 10.1% in January but that means CPI is still rising by 10.1%. Even worse was the increase in the RPI of 13.4%.

We are also seeing UK government bond 0r Gilt yields creeping back up and that will surely be a dampener on the housing and mortgage sector.

CPI inflation vs RPI inflation: what’s the difference?: https://moneyweek.com/economy/inflation/605602/cpi-inflation-vs-rpi-inflation

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