Inflation could near double digits says Jupiter's Chatfeild-Roberts In August, the consumer prices index (CPI) fell by 0.1pc to 2.5pc. However, Mr Chatfeild-Roberts has warned that the current quantitative easing (QE) programme, which stands at around £375bn, is storing up future inflation problems. "[Over a five-year time frame] you can imagine inflation being towards the double digits," he said. It may be that my five-year time horizon is not long enough, but I see it to be the inevitable outcome. Other investment experts have agreed with Mr Chatfield-Roberts' forecast. "If the central banks keep printing money to get us out of lull period, the UK could get into hyperinflation in the next three or four years," said Pete Loweman, chief investment officer of Investment Quorum. Jonathan Davis, managing director of Jonathan Davies Wealth Management, concurred. He said: "There will be higher costs of living for everyone."