Not too many things surprise me after many years in the Commercial Lease field, but I have to admit that the latest September CPI figure of 8.4% took me by surprise.
Is this the start of a trend of high inflation and therefore high CPI figures or just a flash in the pan?
It’s probably too early to tell but most economists expect inflation to return to lower levels next year.
For those landlords lucky enough to have a rent review coming up that is based on the CPI then it’s obviously an early Christmas present!
Here’s a graph of the CPI over the last 10 years.
If we don’t catch up before Christmas, stay safe and have a great festive season.
Regards
Steve Evans