CPI inflation dipped unexpectedly in August to 9.9% from 10.1% in July, according to the latest figures published by the ONS today.

Three quarters (73%) of retirement savers either can’t afford to retire or were unsure if they could afford to retire, according to a new report.

CPI inflation jumped from 9.4% in June to 10.1% in July, the highest level seen since the early 1980s.

The Bank of England today raised its base rate by 50 basis points from 1.25% to 1.75%.