Living standards rise because low inflation increases family finances in the UK

Living standards rise because low inflation increases family finances in the UK

Living standards improve while prices rise more slowly than wages.

The consumer price index of inflation held at 1.9 percent last month, according to the Office for National Statistics (ONS).

With wages rising by 3.5 percent, millions of employees have more to spend or save.

Ahead: with wages rising 3.5 percent and the company that holds inflation, millions of employees have more to spend or save

Ahead: with wages rising 3.5 percent and the company that holds inflation, millions of employees have more to spend or save

Inflation rates came one day after the US reported a record-breaking month for jobs, with an employment rate now at a joint highest point of 76.1 percent and unemployment at a low point in 44 years of 3.9 percent.

Kevin Brown, from investment firm Scottish Friendly, said: & It is really good to see that, given the uncertainty that is putting Westminster in the shadow, the economy is holding up well and the outlook looks strong.

& # 39; Wages are rising faster than they have been doing for three years and now we see that inflation remains stable. & # 39;

The figures will be a blessing for mortgage borrowers, as inflation remains below the Bank of England's 2% target, making it unlikely that interest rates will rise soon.

A lower interest rate, however, is a blow to millions of savers, because there is no improvement in the return they get on their nest eggs.

The high fuel and clothing prices were the main drivers behind inflation in March, with the petrol engine increasing by 1.2 pc. Per liter compared to a year earlier, with an average of 120.3 p, while the diesel increased by 1.4 p to 130.7 hp. But food prices fell.

The measure of inflation of individual index prices for the retail trade, which was used to calculate the increase for many occupational pensions, increased by 2.4 percent.

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