UK CPI Inflation: temporary dip
Commenting on this morning’s UK inflation data, Melanie Baker, senior economist at Royal London Asset Management said:
“UK inflation remains elevated and although we may not have seen another big jump in the CPI measure of inflation in September, there is more to come. Energy bills are among factors set to help push consumer price inflation further above the Bank of England’s target in the near term.
“Though some consumers will have benefited from higher pay growth, higher inflation is set to reduce real income growth for many and will add to some of the challenges facing the economy into 2022.”
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Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £164 billion of assets and employs 129 investment professionals as at 31 December 2021. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
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