Debate House Prices

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MSE News: Inflation rises for first time in eight months



  • Eric_Pisch
    Eric_Pisch Forumite Posts: 8,720
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 17 November 2009 at 2:17PM
    I am surprised the rate is still so low.

    As a country that imports the vast majority of its goods and alot of its food the devaluation of sterling by approx 20% does not yet seamed to have worked its way through the system yet.

    I would expect inflation to rise sharply over the next months.

    At its peak before the crash I was paying £1.48 a litre, now with just the drop in exchange rate (1.98 to 1.67) that would put it up to £1.71 a litre, there is also a some tax hikes in the mean time to add to that so £1.75-£1.80 in london would seam reasonable if oil goes back up to $147 a barrel.

    £100 a tank per week if that happens, glad the cars going back in march
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