UK inflation rate falls – Good news?
So, the Spanish inflation rate is currently running at – 0.9%. Good news you might think, if things are cheaper your money will go further. Conversely, the fall in inflation reported last week in the UK (CPI) of -0.1% does not represent good news.
The vast majority of British ex-pats in Spain rely on their pensions and savings income to get by on.
So why should you care about the rate of inflation in the UK? It might well be good for people who work there, as wages show some signs of growth but not so good for pensioners.