Wealth management experts consider consumer price indices

Wealth management experts may be among those examining the consumer price indices (CPI) released today (August 17th) by the Office for National Statistics (ONS).

The data shows CPI annual inflation has fallen slightly since June, down 0.1 per cent to 3.1 per cent in July.

Those with private wealth invested in consumer goods providers may find their assets lose some value, as the cost of everyday living is not increasing and charges for household and other items remain relatively stable.

Falling expenses related to transport costs - particularly those of second-hand vehicles and fuel - have exerted downward pressure on CPI inflation.

Percentage change was at its lowest in the last 12 months around October 2009, when it hovered at the one per cent mark.

And wealth management experts might have observed recreation and culture sectors also helped depress the index, indicating investment in these areas may not offer high returns in the near future.

ONS data released today also included the producer prices indices, a measure of the cost of UK manufactured products. ADNFCR-2318-ID-800028084-ADNFCR