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CPI FALLS to 4%

Down from 4.4% to 4%.

Looks like the MPC was absolutely right to leave rates alone.

RPI down to 5.3% as well.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

Belief in myths allows the comfort of opinion without the discomfort of thought.”

-- President John F. Kennedy”
«13456710

Comments

  • What rate hike ???
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • tod123
    tod123 Posts: 7,021 Forumite
    lol lol lol lol
  • michaels
    michaels Posts: 29,510 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Did you see the retail figures? What recovery? :eek:
    I think....
  • ILW
    ILW Posts: 18,333 Forumite
    So over 5% RPI is acceptable then?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What rate hike ???

    Exactly.

    I'm starting to think we may not see one this year at all.

    The system is self correcting. No need for demand destruction through monetary policy when it's already being destroyed by fiscal tightening.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    it would have inspired more confidence if the fall had been expected.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    I find 5% inflation unacceptable.
  • The retail figures cannot possibly be responsible for the dip in CPI/RPI, as it has been stated categorically that all inflationary effects are external.
    Act in haste, repent at leisure.

    dunstonh wrote:
    Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    CLAPTON wrote: »
    it would have inspired more confidence if the fall had been expected.

    It was expected, but just further down the line.
    Is this a reflection of the impact of the government cuts and disposable income?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Down from 4.4% to 4%.

    Looks like the MPC was absolutely right to leave rates alone.

    RPI down to 5.3% as well.
    rates would have little effect on current inflation anyway.

    it's just not fair that they won't increase interest rates. not fair!!!!
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