Savers - a call to arms!

lisyloo

the rising price of oil doesn't cause inflation.

what a load of rubbish !!

I think you ought to do something constructive and educate yourself.

Thanks - I have been for many years.
That's why I have a balanced portfolio, take personal responsibility, plan my finances..........blah blah blah
Better than sitting on my fat behind and whinging about my lot eh??

rising prices are a symptom of inflation, not a cause.

More rubbish.
Rising commodity prices from abroad are not caused by inflation.
It's because of supply and demand.
If there are storms and a harvest is bad prices go up whatever the commodity.
It's not caused by inflation and it's not theft.

Do you also think the VAT increases are caused by inflation?

bendix

nearlynew wrote: »

rising prices are a symptom of inflation, not a cause.

Errrr . . . ummmm.

Ok. Help me out here.

What are the causes of inflation? Educate me

lisyloo

What are the causes of inflation? Educate me

At the present time it's mainly oil prices and VAT
Raising interest rates will do absolutely zilch to affect those directly.

Cleaver

bendix wrote: »

Errrr . . . ummmm.

Ok. Help me out here.

What are the causes of inflation? Educate me

I can answer this on nearly's behalf. The answer is "liars and f*cking thieves"

ILW

lisyloo wrote: »

At the present time it's mainly oil prices and VAT
Raising interest rates will do absolutely zilch to affect those directly.

You missed out sentiment. A lot of service suppliers are increasing prices under the guise of "its inflation innit" even if their costs have not been affected.

Cleaver

ILW wrote: »

You missed out sentiment. A lot of service suppliers are increasing prices under the guise of "its inflation innit" even if their costs have not been affected.

That's not actual pure inflation though really is it? That's just people putting their prices up because they feel like doing so. I guess that's a type of inflation though. I dunno.

When anything goes up in price, it's become 'inflated'. 'Spose it doesn't matter what the reason is. Erm...

<backs quietly out of room, as knows nothing about inflation... bye...>

ILW

Rising prices = Inflation

Cannot think of any other definition.

Niksan

derivatives causes rising prices causes inflation cases migraine.

lisyloo

A lot of service suppliers are increasing prices under the guise of "its inflation innit" even if their costs have not been affected.

Do you have any examples of the type of businesses or services you are talking about?
Most businesses I can thinkg of are in the opposite situation - rising costs but unable to raise prices.

DervProf

lisyloo wrote: »

You don't exactly have to be sa sophisticated investor to recognise inflation risk and buy an index-linked product.

Like an NS&I Index Linked Certificate ?

I've had them in the past, and was about to invest in one last year, until they were withdrawn. Their withdrawal made me think inflation was about to take off, and it did.