The i - Inflation falls to 2.5% - here's what it means for your money
Inflation fell to 2.5 per cent, according to figures released by the Office for National Statistics (ONS) on Wednesday.
This is down from November’s level of 2.6 per cent despite experts predicting it would hold at this level, if not rise slightly.
Aaron Strutt, of brokers Trinity Financial, told The i: “It seems likely there are mortgage price hikes on their way. With all of the uncertainty in the economy and pretty harsh tax changes announced in the Budget, mortgage borrowers are set to end up paying more and for longer. In the short term, it looks likely rates are going to be higher than they were pre-Budget.”
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