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Debate House Prices
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RPI 4.4%; CPI 3.4%; BoE In Denial
Comments
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Why do people think that's a sign the economy is healthier? You'd need to know whether UK oil inventories are lower/consumption is higher to know that. The surge in demand for oil is coming from Asia, not the UK.
But Asian demand means demand for Asian goods. In turn that means countries outside Asia must be buying there goods again.
Unless you think all there demand is for internal use only?0 -
Not those on fixed rate mortgages then.;):)
Or those with NS&I, RPI +1% tax free savings certificates;)'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 -
Hamish, this really does prove you dont understand anything outside your little housing kingdom. Raising interest rates would make the pound more desirable from an investors prospective. The pound would go up against the dollar and the euro and it would make imports cheaper - one of the key ones being oil. This would bring inflation DOWN.HAMISH_MCTAVISH wrote: »Yes.
Not to raise rates and stifle recovery when raising them would have little impact on inflation.
From the article.....
Nothing to see here, move along.0 -
But Asian demand means demand for Asian goods. In turn that means countries outside Asia must be buying there goods again.
Unless you think all there demand is for internal use only?
I don't follow. You're arguing that increased Asian demand for oil is coming specifically from increased demand for Asian goods from the UK? I thought the UK's recovery was an 'export led' recovery, not an 'import led' one.
The increases in oil demand in Asia recently probably are mainly internal - because China is experiencing a huge construction boom, because now more cars are sold in China than any other country.0 -
angrypirate wrote: »Hamish, this really does prove you dont understand anything outside your little housing kingdom. Raising interest rates would make the pound more desirable from an investors prospective. The pound would go up against the dollar and the euro and it would make imports cheaper - one of the key ones being oil. This would bring inflation DOWN.
But do we really need a stronger pound at the moment? export lead recovery and all 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 -
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the UK is the 6th or 7th biggest manufacturer in the world :eek:angrypirate wrote: »What do export? We are a country that no longer manufacture anything. Other than benefit frauds. And unfortunately we dont even export those.0 -
I barely travel.Higher petrol prices were an important factor in rising consumer prices, the Office for National Statistics (ONS) said.
Petrol prices have been rising because of the relative strength of the dollar and higher refining costs, as well as the increasing price of oil.
The price of oil hit 18-month highs at the start of April.
April is here and the central heating is firmly OFF.The continuing impact of the rise in VAT, which went back up to 17.5% in January, and the effect of flat gas bills relative to this time last year, when they fell sharply, also contributed to the spike in inflation.
I fly once every 6 years on average and clothes shop about once a year. Tend to only drink water or beer too...The ONS said increasing air fares, especially on European flights, rising food and non-alcoholic drinks prices, and higher clothing and footwear costs also played a part.
No biggie for me
We dont want inflation going upward but I reckon it's got a fair way to go before it has any significant impact on your average joe.
the main thing that would cripple people is interest rates shooting up dramatically forcing up costs that they HAVE to pay. So if you're picking the lesser of two evils then...0 -
angrypirate wrote: »What do export? We are a country that no longer manufacture anything. Other than benefit frauds. And unfortunately we dont even export those.
http://investing.curiouscatblog.net/2009/10/13/data-on-the-largest-manufacturing-countries-in-2008/'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 -
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