Edward Smith, co-chief investment officer at Rathbones, explains what it is and why it matters
by saying it accepted that everyone has their own “personal inflation” rate. But what affects our rate, and why does it matter? I asked Edward Smith, co-chief investment officer at Rathbones, a wealth management firm which offers a free-to-use personal inflation calculator.For the last 25 years, inflation has been stable. But now we’re back to a rate we haven’t seen since the 90s. It’s probably going to get up to 7.5%, possibly 8%, come April.Not entirely.
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