It's deflation time

Chris2685

dazeruk wrote: »

Just completed the BBC website Personal Inflation Calculator.

http://news.bbc.co.uk/1/hi/business/7669072.stm

I got a figure of 9.6%.

Doubt my own personal circumstances will be taken into account for my next pay round negotiations.

I got 2.7%, not too bad I guess but I did guess most of the figures.

RabbitMad

Ant85 wrote: »

Meant +0.6% sorry spaz maths, how have I misunderstood the text?

This interest rate is based on :
/B]the annual March Retail Price Index (RPI)[B
or
/B]the highest base rate of a number of major banks plus 1%[B;
whichever is lower.

see square brackets as to how the sentence should be read

RabbitMad

LauraW10 wrote: »

I don't think any of you blokes on here actually shop:rolleyes:.....food is definitely getting cheaper. Chicken, for example, is down 11% in Sainsburys - the cost of cereal has fallen through the floor, etc etc

Anyhoo, forget anecdotal evidence - the figures behind the headline rates show that food prices are falling..

Well the food I buy hasn't got cheaper. And CPI was actually up again this month (thats the one that hasn't got the mortgage interest factored into it)

neas

RabbitMad wrote: »

This interest rate is based on :
/B]the annual March Retail Price Index (RPI)[B
or
/B]the highest base rate of a number of major banks plus 1%[B;
whichever is lower.

see square brackets as to how the sentence should be read

Yep, When RPI was 4.8% it was 4.8%... not 5.8%... it was 3.8% when RPI was 3.8%

And only recently has it been brought to 1.5% (1%+BOE rate)