MSE News: Inflation falls despite record petrol prices

edited 30 November -1 at 1:00AM in Motoring
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Former_MSE_DanFormer_MSE_Dan
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edited 30 November -1 at 1:00AM in Motoring
This is the discussion thread for the following MSE News Story:

"Inflation fell back from 17-month highs in May despite petrol prices reaching record levels, official figures showed today..."
Read the full story:
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MSE Web Editor, mainly responsible for looking after, and keeping up-to-date, ‘hard-core’ financial articles such as credit cards, savings and loans.

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  • Hopefully the new government will bring back a more accurate measure of inflation.
  • Premier_2Premier_2 Forumite
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    The ONS said average petrol prices rose 0.3p to a record 120.5p in May,
    People should shop around and not accept exhorbitant fuel prices.

    On 19 May, Asda announced the price of it's petrol would be 115.9p per litre, a drop of 2p (so it was 117.9p ealier in the month).

    Other supermarkets followed the next day with announcements of discounts of their own.

    Asda then reduced the price of it's petrol to 113.9p


    At just 113.9p, that's a saving of 6 bob a gallon compared to the average prices (so that means some places are charging a lot more still !!!)

    Some of us remember when petrol was only 6 bob a gallon! :o

    Mind you that was probably before the days of so many company cars and their fuel allowance.
    But think on, even if you don't pay for the petrol yourself, someone ends up paying for it and what they are paying in exhorbitant petrol bills restricts what thay have left to pay you.
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
  • wealdroamwealdroam Forumite
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    Premier wrote: »
    Some of us remember when petrol was only 6 bob a gallon! :o
    Four and eleven-pence ha'penny when I started buying it.
    (thats somewhere around 6p a litre, I think).
  • stphnsteveystphnstevey Forumite
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    So was Martin recommending inflation linked saving such a good idea? :money:
  • thorthor Forumite
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    Hintza wrote: »
    Hopefully the new government will bring back a more accurate measure of inflation.
    Yeah right! Considering how much this mob liked to fiddle the figures when they were last in charge; I doubt it.
  • Coveredinbees!!!!Coveredinbees!!!! Forumite
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    thor wrote: »
    Yeah right! Considering how much this mob liked to fiddle the figures when they were last in charge; I doubt it.
    That's rich considering the record of the last 'mob' :rotfl:
    Is it too early for christmas jumpers?
  • Gordon_the_MoronGordon_the_Moron Forumite
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    thor wrote: »
    Yeah right! Considering how much this mob liked to fiddle the figures when they were last in charge; I doubt it.

    When was the last time a Liberal Democrat/Conservative coalition mob were in charge?
    If you don't like what I say slap me around with a large trout and PM me to tell me why.

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  • moleratmolerat Forumite
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    Premier wrote: »
    Asda then reduced the price of it's petrol to 113.9p.
    Pity they have not kept it there. They are still advertising the 2p off on their website but have put the price up to 114.9, only 1p cheaper than Tesco and the same price as the local competition now.
  • crukicruki Forumite
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    petrol is a complete rip off. I hate all these high prices
  • edited 19 June 2010 at 3:52PM
    tight_arzetight_arze Forumite
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    edited 19 June 2010 at 3:52PM
    Well my local Sainsburys is still charging 119.9 a litre for diesel and 118.9 for petrol.

    Although I am in Northern Ireland. Everything is a rip off here, especially our house prices :mad:
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