It was expected to be high, but not this high. The UK inflation rate rose to 3.2% in the 12 months to August, the biggest increase since records began in '97. The cost of living is bordering on the alpine.
So what do savers do? Rates have been at record lows since the Global Financial Crisis in 2008, but this latest rise in inflation has hit them like a sledgehammer.
IFAs offer their views
We asked the Newspage community of IFAs for their views on what savers should do to get on top of inflation.
The consensus, quite clearly, is that people need to accept that a degree of risk is inevitable if you want to keep returns real in the current climate.