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how to overcome the spike in inflation
Published: 24/01/2010 |
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The Sunday Times (Money) Savers were dealt a blow last week after a record spike in inflation meant that, for only the second time in a decade, no variable savings accounts are paying a positive return. Andrew Hagger at Moneynet.co.uk, a price comparison site, said: “It is a rarity to see no variable accounts paying enough to beat inflation. The only other occasion this has happened in recent memory was between July and September 2008 when CPI hit highs of between 5.2% and 5.5%.”
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