UK Economy Shows Deflation

Generali

StevieJ wrote: »

As long as you get your debits and credits on the correct sides, bankers tend to get it the wrong way round, remember debits on the left

I think you'll find it's accountants who have them the wrong way round ;^).

I'm really looking forward to getting stuck into a regular job. First time in 10 months that I've got something that pays regular money and that requires proper concentration.

Hell it's been tough. I can see why those miners etc oop north lost hope in the 80s.

StevieJ

Generali wrote: »

I think you'll find it's accountants who have them the wrong way round ;^).

I'm really looking forward to getting stuck into a regular job. First time in 10 months that I've got something that pays regular money and that requires proper concentration.

Hell it's been tough. I can see why those miners etc oop north lost hope in the 80s.

Best of luck anyway :beer:

Generali

StevieJ wrote: »

Best of luck anyway :beer:

Cheers StevieJ.

tomterm8

Generali wrote: »

http://www.statistics.gov.uk/cci/nugget.asp?id=19

RPI = -1.1%

http://forums.moneysavingexpert.com/showthread.html?t=1756217

My personal rate of inflation seems to be quite a lot higher than either the CPI or RPI. So, basically, employers are going to be saying I should take a 1.1% cut because of "deflation", while my standard of living is getting worse because of the rampant inflation on the things I actually buy.

/old man gripes.

Why is it that this deflation thing never actually seems to make me better off?

Masomnia

Good luck mate!

wolvoman

tomterm8 wrote: »

My personal rate of inflation seems to be quite a lot higher than either the CPI or RPI. So, basically, employers are going to be saying I should take a 1.1% cut because of "deflation", while my standard of living is getting worse because of the rampant inflation on the things I actually buy.

/old man gripes.

Why is it that this deflation thing never actually seems to make me better off?

What are you buying that has gone up so much?

My utilities are down, council tax is frozen, fuel down, mortgage down massively. Food up and train travel up, but they only account for 5-6% of my income.

tomterm8

wolvoman wrote: »

What are you buying that has gone up so much?

My utilities are down, council tax is frozen, fuel down, mortgage down massively. Food up and train travel up, but they only account for 5-6% of my income.

In truth? I am buying as little as possible. food, clothes, rent (which might go down in the future, but is on a fixed 12 month contract ). Pretty much I am buying the essentials of life. This is to get as large a savings safety net as possible, before I go fully self employed.

bluey890

tomterm8 wrote: »

I am buying as little as possible. food, clothes, rent (which might go down in the future, but is on a fixed 12 month contract ). Pretty much I am buying the essentials of life. This is to get as large a savings safety net as possible, before I go fully self employed.

I am guessing that you don't have a girlfriend.

When you do, you can say bye to that savings safety net of yours.

nicko33

mbga9pgf wrote: »

sweet. Just sweet. My money is worth more today than it was yesterday.

not according to these inflation figures.

the -1.1% means your money is worth more today than it was 1 year ago.
(edit: well... worth more last month than it was the same time the previous year)

as RPI is currently rising (Jan was the recent bottom) you money is worth less today than it was yesterday.

from Jan to May, RPI has risen 1.3%
which equates to an annual rate of about 3.9%