British consumers received a minor reprieve from the exorbitant inflation increases this year, with inflation dropping from 2.9 per cent in May to 2.6 per cent in June. This drop was due to lower fuel and diesel prices, but the reprieve is not set to last.
Unexpected inflation slowdown
Fuel prices have dropped over the last four months, giving households a slight reprieve in costs while all other household goods go up in price, either due to import costs, the weak pound, or general inflation costs. This slowdown has helped ease pressure, but only represents an unexpected blip.
Wage inflation isn’t matching
The issue isn’t just the rising costs due to the weak pound and expensive imports – Wage inflation isn’t matching up to price inflation. Wages are currently only going up on average two per cent, which doesn’t take into account that many sectors are on a pay freeze. The money you are making is worth less each day.
Looking for a way out
With money to remain tight in the years to come due to Brexit, business and investor uncertainty, it’s important to find out how to protect yourself and those you love. You need to find an income that can perform no matter the economic situation.
Beat inflation with Forex
The Forex market provides you with the ability to make money on local and international currency movements. The SmartCharts software that Learn to Trade’s traders use is designed to do all the analytical hard work, and provide you with easy to understand information.
Discover financial freedom
If you learn to trade Forex with our team, you could not only support your current income, you could find a whole new career. You could become a full-time trader, and make a tax-free income for the rest of your life. Find out more at one of our free Forex workshops now.