In this episode of the show, your hosts Shane Hyland and Gareth Shears talk about inflation.

Inflation is the rate at which prices are rising - if the cost of a £1 jar of jam rises by 5p, then jam inflation is 5%. It applies to services too. Britain's consumer prices rise by 3.2% year-on-year, the highest annual inflation rate since March 2012

Over time, inflation can reduce the value of your savings, because prices typically go up in the future. While you haven't actually lost money, you end up with a smaller net worth because inflation eats into your purchasing power.

Inflation is a market force that is impossible to completely avoid. But by planning for it and putting a strong investment strategy in place, you might be able to help minimize the impact of inflation on your savings and long-term financial plans.

In this episode Shane and Gareth share: 

• What is inflation
• UK’s latest inflation rate
• How does inflation affect investments & savings
• How can you plan for inflation
• How to defend your wealth against inflation

Having worked with hundreds of clients, On The Up Curve is a podcast that dives into business plans, goals, financial tactics and life hacks of successful, entrepreneurial creators and thought leading influencers.

The motivation for this show is to highlight that no journey is ever straightforward, and every plan needs to be adjusted. This is a podcast designed to help listeners remember to live for today but plan for tomorrow, as life is not a rehearsal.

For further information on the subjects covered today or to reach out to your hosts Gareth and Shane head to https://www.sanfp.co.uk/