Inflation up again CPI 3.2% RPI 4.5%

Aberdeenangarse

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

Milarky

Overall RPIX unchanged (4.6%)

It makes sense that RPI should still be falling as it overshot on the way down and way back up due to the distorting effects of cutting base rate and mortgage costs. These will take over two years to disappear from the index.

Similarly CPI continues to edge up (3.2%) as it both understates and moves up/down by less than 'regular' inflation. I'd say the real rate of inflation is about 4% and not falling (i.e we have 'non-disinflation')

So it's steady as she goes..

Heyman_2

Lots of press hysteria about CPI rising by 0.1% and RPI falling by 0.1% - even the BBC has got in on the act.

Completely ridiculous.

ILW

Another kick in the nuts for savers who attempted to put something away for the future. Looking a better option for many to ditch the pension and just rely on the state.

purch

Food DOWN
Toys UP :eek:

AD9898_2

Isn't this good news ? After all many people along with 99% of the media cheer house price inflation, so why not everything else.

Really2

purch wrote: »

Food DOWN
Toys UP :eek:

Does that mean I will have to eat instead of play this Christmas?

ILW

Really2 wrote: »

Does that I will have to eat instead of play this Christmas?

Depends what sort of "toys" it refers to.

maveli

So IR will go up in Dec/Jan ??

Generali

maveli wrote: »

So IR will go up in Dec/Jan ??

I doubt it but it's not impossible. About 1% of CPI is from the rise in VAT, a base rate increase won't do anything about that. Nobody would be fussed if CPI was 2.2%.

de1amo

Does this mean that things like benefits and old age pension will increase next year because the Nov figures are used to calculate the new rates?