What's it for you? inflation or deflation?

Former_MSE_Guy

This thread is to discuss the following news story:

Millions see cost of living drop further

System

My shopping bill still seems high, and my petrol is still creeping up.

On the other hand I did receive a letter from EDF cutting my electricity price and my mortgage payments are eff all.

Seems like a mixed bag to me.

Really2

If you include mortgage interest payments massive deflation.

Food slightly higher but energy cheaper.

Mix Bag but the mortgage being £700pm cheaper helps:)

mbga9pgf

Biflation. Deflation in asset values, increases in commodities.

http://en.wikipedia.org/wiki/Biflation

its never simple is it?

lostinrates

Summer is always a lighter spend for me: animals eat more grass But feed prices remain very high. Harvests this year will be key IMO. Pray for a lack of rain!

itsnever2lateisit?

Having 'buttoned down the hatches' have a fixed rate mortgage, its inflation for me

Food (apparently) is rising at only 9% a year. Fuel costs (I use oil) are rising again, and road fuel is creaping up. Last year I was using Bio fuel at 85p a litre, changed cars for a supposedly more fuel efficient one, which cannot used Bio:mad: so now paying 103p

PasturesNew

Really2 wrote: »

mortgage being £700pm cheaper helps:)

You stole my interest income!
Thief!
Give it back... I take paypal.

PasturesNew

Overall, I have lost about £1200/month income over the last year, through dropping interest rates and reduced income from earning a living.

If I just took my income into account, I'd probably now qualify for top up benefits... in fact I checked last night and I'd qualify for WTC (£2/week it said)... but it's not worth the hassle - especially as today I could earn £1, but tomorrow £50, it's impossible to therefore fill out the forms .. and if they send you the forms then they've got you.

So I will just cut back each time something's gone up.

I have consciously changed my food buying habits and now spend less on food than I ever did before, even though before I used to shop cheaply.

Rent is the same as it was 18 months ago.
Petrol is 10% more but I filled up at Xmas and there's still 1/4 tank left.

I don't buy much more ... certainly no outings, hobbies or holidays.

So, one year ago, my basic core costs cost me 30% of my income. Now it's more like 90%.

setmefree2

Our mortgage interest for Apr 2008 was £743 this Apr £95 :j
Food is certainly cheaper YoY, particularly meat. A litre of petrol is also massively cheaper than 12 months ago. Council Tax has stayed the same. Our energy bills are falling.

So it's massive deflation for the SMF2s.

Looking forward? Well Oil reached $60 this morning. However, the pound is trading at $1.55....so who knows ?