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Britons' inflation fears rise again: Survey

Published on Sep 24, 2012 8:09 AM
 
Britons' worries about inflation grew this month, though their view of their future finances was the least pessimistic in two and a half years, a survey showed on Monday. -- PHOTO: REUTERS

LONDON (REUTERS) - Britons' worries about inflation grew this month, though their view of their future finances was the least pessimistic in two and a half years, a survey showed on Monday.

The Markit Household Finance Index (HFI) dipped to 38.4 in September from August's 20-month high of 38.9, indicating that consumers' finances worsened over the month as the index was well below the 50 mark that would mark no change.

The latest reading was still one of the highest in the past two years, and households reported a reduced squeeze on their savings and cash available to spend, survey compiler Markit said.

"September's survey suggests that the gradual easing of pressure on real incomes so far in 2012 continues to support household finances," said Markit economist Tim Moore.

 
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