UK inflation reaches highest level in 30 years

DB scheme funding remains stable despite pressures

clock • 3 min read
UK inflation reaches highest level in 30 years

The UK’s Consumer Price Index (CPI) rose 20 basis points above expectations to 5.4% in the 12 months to December 2021, according to the Office for National Statistics (ONS), reaching its highest level since March 1992.

The largest contributors to the 12-month uptick came from housing and household services, and transport, which rose by 1.31 and 1.29 percentage points respectively. On a monthly basis, CPI rose ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Global pension assets reach £39tn in 2023

Global pension assets reach £39tn in 2023

Thinking Ahead Institute finds assets reached US$55tn, with UK the third largest market

Jasmine Urquhart
clock 26 February 2024 • 2 min read
Cost of living pressures compelling retirees to rejoin workforce

Cost of living pressures compelling retirees to rejoin workforce

Study finds retirees would only rejoin workforce in roles ‘on their terms’

Jasmine Urquhart
clock 26 February 2024 • 5 min read
Buzz: Should there be a requirement to rotate trustees after a set period?

Buzz: Should there be a requirement to rotate trustees after a set period?

Trustee rotation, fiduciary duty, Spring Budget and TPR restructure

Professional Pensions
clock 26 February 2024 • 1 min read
Trustpilot