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MSE News: Fuel price cuts help inflation fall
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Former_MSE_Helen
Posts: 2,382 Forumite
"The retail prices index rate of inflation fell to 3.1% in May compared to 3.5% in April, the ONS says ..."
Read the full story:
Fuel price cuts help inflation fall
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
Fuel price cuts help inflation fall
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
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Comments
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Oooh wow!
So who feels richer for it?The Daleks Reign Supreme, All Hail The Daleks!0 -
OK! So prices continue to increase at a rate over 50% higher than the government target.
Fantastic news - isn't it?"When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
MacMickster wrote: »OK! So prices continue to increase at a rate over 50% higher than the government target.
Fantastic news - isn't it?
It means you could well have had a real return on your savings over the past year, I'd say that's good news.
It would impossible to keep inflation at 2% every month, it's always going to overshoot or undershoot a bit.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
ah yes thats right short lived i think WHY YOU ASK let me tell you fuel duty rise in August enough said0
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ah yes thats right short lived i think WHY YOU ASK let me tell you fuel duty rise in August enough said
Yep 3 pence. Reality is the cheapest price of petrol available will hit the £1.50 mark, if not in 2012, certainly in 2013.
Got to hate capitalism.Wanted a job, now have one. :beer:0 -
don't forget the V.A.T to be added to the 3p happy days0
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inaccurate ... the CPI includes rent, though not mortgage interest or council tax. come on, MSE, better fact checking, pls!the Consumer Price Index (CPI) rate of inflation, which doesn't include housing costs
the CPI and RPI differ not just by including a slightly different range of goods and services, but also because only the CPI assumes that, when some prices rise and others fall, ppl can fully compensate by buying less of the more expensive things and more of the less expensive.
clearly, substituting cheaper things for more expensive things happens to some extent, but doesn't always work, especially for very different kinds of things.
so, if you want a snappy summary of the CPI, i'd prefer:the CPI, which assumes that ppl who can't afford food and energy are happy to buy electronic gadgets instead0 -
My pension provisions are quite sensitive to inflation, I work on a 3% yearly average so anything under that is good. My final salary pension was actually calculated at 5% when I left the scheme in 1997 so I've done ralther well so far.:beer:0
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