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Debate House Prices
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PPI Input 0.1% PPI Output 0.3%
Really2
Posts: 12,397 Forumite
Looks like inflation is doing as forecast by the BOE judging by factory gate prices.
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Can't agree more, there is a hell of a lot of slack in the system. That slack is not going to be picked up any time soon as far as I can see. Food and oil are going to be the only inflation most will see.
Agree. But these are important ones, & it means the poorest will be hardest hit.
Fuel costs may well be passed on to consumers too (transportation, manufacture costs etc) which could be an additional pressure.It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
Inflation figures are like the rest of government figures based in fantasy0
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markharding557 wrote: »Inflation figures are like the rest of government figures based in fantasy
Why do you say that?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Tsk, tsk, tsk, I'm so disappointed in our deflationistas, you sure do know how to play a dirty game
. Quote month-on-month increases, without mentioning they're month-on-month, while ignoring the more pertinent year-on-year figures that show inflation ballooning. The Bloomberg report:
Deflationistas talk a good game but do they put their money where their mouth is? Market expectation for RPI over the next decade is currently at 3.18%pa*, anyone with a dampened inflation outlook, nevermind outright deflation, should be chucking their money into Gilts...U.K. Producer Prices Post Biggest Increase Since 2008 (Update2)
March 5 (Bloomberg) -- U.K. producer prices rose in February from a year earlier by the most since December 2008 as higher costs from gasoline to food fed inflation.
The cost of goods at factory gates increased an annual 4.1 percent, the Office for National Statistics said today in London. The median forecast of 18 economists in a Bloomberg News survey was for a 4 percent gain. Prices climbed 0.3 percent from January, gaining for a 12th month.
The report suggests higher commodity prices are sustaining inflation, which reached a 14-month high in January, above the government’s 3 percent ceiling. The Bank of England yesterday held its bond-purchase program at 200 billion pounds ($301 billion) as officials gauged the strength of prices in the economy after the deepest recession on record.
“The February producer prices data essentially reinforce belief that consumer price inflation is likely to remain elevated over the next few months,” said Howard Archer, an economist at IHS Global Insight in London, in an e-mailed note. “The risk remains that it could prove stickier than hoped for thereafter.”
*Based on last nights closing prices for the 4.75% 2020 Gilt and the 2.5% 2020 index-linked Gilt, unadjusted for liquidity premium and inflation risk premium."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
Why do you say that?
I guess it's going to be up to you to prove that they are not fantasy. 'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Deflationistas talk a good game but do they put their money where their mouth is?...gilts...
Only if they think that the government would be able to pay the Gilts back, naturally.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0
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