Shop Price 'Inflation' RISES

purch

Well, actually, it is factual - they ARE printing and issuing money in Billions...

Actually I was querying the

Massive inflation coming

claim...........( I do apologise if that would ruin anyone's hopes )

whitfreak

Increasing the money surply, reduces its value. Therefore prices go up thus inflation. Putting it simply. I'm sure someone can provide a more indepth explaination.

tripled

Cannon_Fodder wrote: »

Well, actually, it is factual - they ARE printing and issuing money in Billions...

Issue of Bank of England banknotes by value
(£ Millions)

£5 £10 £20 £50 Total
2003/04 1,545 3,367 4,589 525 10,027
2004/05 534 2,978 6,363 608 10,482
2005/06 314 2,287 6,825 331 9,757
2006/07 532 3,233 6,551 658 10,973
2007/08 812 3,298 14,416 921 19,447


Might not qualify as QE, but something has happened this year - nearly double the issue of last year - and stocks of notes are dwindling, too...

http://www.bankofengland.co.uk/banknotes/about/stats.htm

Strange - almost all of the rise is down to an increase in £20s. Funnily enough, the destruction rate has shot up as well, although you missed that bit out. Surely it wouldn't be anything to due with the issue of the new £20 note that year? No no, of course not.

kennyboy66_2

tripled wrote: »

Strange - almost all of the rise is down to an increase in £20s. Funnily enough, the destruction rate has shot up as well, although you missed that bit out. Surely it wouldn't be anything to due with the issue of the new £20 note that year? No no, of course not.

Well done - a rare shaft of genuine insight.

dopester

amcluesent wrote: »

The Bank is printing money too. ££ Billions!

Yawn. So what?

A few billion printed here and there doesn't really make much difference - for the moment. Only last week the Government showed some unease and made it clear they had to respect the market for further borrowing.

I don't want to pop your incredibly massive asset-bubble, but check out this Guardian chart.. pics 2 to 8 for a bit of understanding of what we're up against.

Before the credit crisis, the world
was awash with money. Now central
banks are pumping in more than ever
before and still everyone is short.
Dan Roberts explains the illusion
of wealth.

Attempts to restore stability by pumping in
public money have had some effect but the
sums of money are tiny relative to the problem.

Even though the money supply is being increased
by central banks it is not enough to prevent steep falls in prices
and the output, or GDP, of the world economy.

http://www.guardian.co.uk/business/dan-roberts-on-business-blog/interactive/2009/jan/29/financial-pyramid

carolt

Really2 wrote: »

I agree the prices have increased due to exchange rates.
But I think you will see in the next 6 months.

£= $1.5-£1.6
£= 1.2-1.3 Euros

Prices will fall again it is just that there had been a mass £ sell off which looks to be recovering in the last two weeks or so.

I expect prices to start to fall again in the next month or two (and we import all our goods)

Would that be the same poster who was telling me recently that his food prices had been going down, contrary to my experience - and the figures.... :rotfl:

Schnorbitz_2

A sixpack of Pepsi Maxes has gone up at our local Tesco Metro from £2.55 to £2.69. That seems like inflation to me.

carolt

No, but Really, according to his previous post, has a basket of food that never rises in price, as he makes all his own food from scratch.

So he brews his own cola, makes his own fresh pasta, etc. None of this rubbish ready-made stuff..... :rolleyes:

purch

A few billion printed here and there doesn't really make much difference - for the moment

It makes a BIG difference to some posters blood pressure !!!!!

Get's them all excited and flustered !!!

I wonder how hot and bothered they would get if they hadn't 'created' any new money, and the deflation and depression was far far worse than it even is now !!!!!

Cat695

tripled wrote: »

Strange - almost all of the rise is down to an increase in £20s. Funnily enough, the destruction rate has shot up as well, although you missed that bit out. Surely it wouldn't be anything to due with the issue of the new £20 note that year? No no, of course not.

It seems some posters are choosing to ignore your post.....probably makes them feel better