Salary increases keeping up with RPI since 2007. As it happens.

Graham_Devon

geneer wrote: »

I did use the same date range.
I did take 3 years for RPI.
And I did take 3 years for CPI.

I'm totally confused now.

Where did 2007 come from?

Can you just type it out again?

2008 RPI =
2009 RPI =
2010 RPI =

2008 CPI =
2009 CPI =
2010 CPI =

And are you using a specific month, or a yearly average?

That way, everything is clear, and no semantics! Could be confusion coming in from other posts, I dunno.

jamesd

CPI Jan 2011 / Jan 2008 * 100 = 116.9 / 105.5 * 100 = 11.28% increase over three years.
RPI 229.0 / 209.8 * 100 = 9.15%

The Office for National Statistics provide CPI and RPI data. The index values for recent years have been:

D7BT CPI (2005 = 100) CHAW All items RPI (Jan 1987 = 100)
2007 Jan	CPI		103.2	RPI		201.6
2007 Feb	CPI		103.7	RPI		203.1
2007 Mar	CPI		104.2	RPI		204.4
2007 Apr	CPI		104.5	RPI		205.4
2007 May	CPI		104.8	RPI		206.2
2007 Jun	CPI		105.0	RPI		207.3
2007 Jul	CPI		104.4	RPI		206.1
2007 Aug	CPI		104.7	RPI		207.3
2007 Sep	CPI		104.8	RPI		208.0
2007 Oct	CPI		105.3	RPI		208.9
2007 Nov	CPI		105.6	RPI		209.7
2007 Dec	CPI		106.2	RPI		210.9
2008 Jan	CPI		105.5	RPI		209.8
2008 Feb	CPI		106.3	RPI		211.4
2008 Mar	CPI		106.7	RPI		212.1
2008 Apr	CPI		107.6	RPI		214.0
2008 May	CPI		108.3	RPI		215.1
2008 Jun	CPI		109.0	RPI		216.8
2008 Jul	CPI		109.0	RPI		216.5
2008 Aug	CPI		109.7	RPI		217.2
2008 Sep	CPI		110.3	RPI		218.4
2008 Oct	CPI		110.0	RPI		217.7
2008 Nov	CPI		109.9	RPI		216.0
2008 Dec	CPI		109.5	RPI		212.9
2009 Jan	CPI		108.7	RPI		210.1
2009 Feb	CPI		109.6	RPI		211.4
2009 Mar	CPI		109.8	RPI		211.3
2009 Apr	CPI		110.1	RPI		211.5
2009 May	CPI		110.7	RPI		212.8
2009 Jun	CPI		111.0	RPI		213.4
2009 Jul	CPI		110.9	RPI		213.4
2009 Aug	CPI		111.4	RPI		214.4
2009 Sep	CPI		111.5	RPI		215.3
2009 Oct	CPI		111.7	RPI		216.0
2009 Nov	CPI		112.0	RPI		216.6
2009 Dec	CPI		112.6	RPI		218.0
2010 Jan	CPI		112.4	RPI		217.9
2010 Feb	CPI		112.9	RPI		219.2
2010 Mar	CPI		113.5	RPI		220.7
2010 Apr	CPI		114.2	RPI		222.8
2010 May	CPI		114.4	RPI		223.6
2010 Jun	CPI		114.6	RPI		224.1
2010 Jul	CPI		114.3	RPI		223.6
2010 Aug	CPI		114.9	RPI		224.5
2010 Sep	CPI		114.9	RPI		225.3
2010 Oct	CPI		115.2	RPI		225.8
2010 Nov	CPI		115.6	RPI		226.8
2010 Dec	CPI		116.8	RPI		228.4
2011 Jan	CPI		116.9	RPI		229.0
2011 Feb	CPI		117.8	RPI		231.3
2011 Mar	CPI		118.1	RPI		232.5
2011 Apr	CPI		119.3	RPI		234.4
2011 May	CPI		119.5	RPI		235.2

Note that this is the all items RPI and includes changes in mortgage interest rates. If you want RPI excluding mortgage interest rates there's a series for that as well.

Given the error in the CPI calculation (lack of compounding because the index value wasn't used) it would be nice to know the source of the wage inflation data so that can be looked at by all as well.

geneer

RenovationMan wrote: »

lol, it's been a tough day for geneer. Bulls, Bears and non-affiliats are all kicking his butt today. :rotfl:

Are they?
How so?

geneer

Graham_Devon wrote: »

I'm totally confused now.

Really. I don't see why.

Graham_Devon wrote: »

Where did 2007 come from?

Can you just type it out again?

2008 RPI =
2009 RPI =
2010 RPI =

2008 CPI =
2009 CPI =
2010 CPI =

And are you using a specific month, or a yearly average?

That way, everything is clear, and no semantics!

Ok.

geneer wrote: »

RPI 2008 0.9%
RPI 2009 2.4%
RPI 2010 4.8%
TOTAL = 8.1%

Median Salary Increase 2008 4.5%
Median Salary Increase 2009 2.0%
Median Salary Increase 2010 2.0%
TOTAL = 8.5%

geneer wrote: »

No. I haven't. CPI/RPI dec 2008 covers the years from the end of 2007 to the start of 2011.

CPI 2008 3.1
CPI 2009 2.9
CPI 2010 3.7
TOTAL 9.7%.

I've used the values for december. Traditionally know as the end of the year for some reason.

As already clarified in post 10. Immediately after your original query.

geneer wrote: »

The CPI figures are the total from dec 08, dec 09, and dec 2010.
Which does indeed cover the three year period from the end of 2007 to the start of 2011.

Should I type it again, or are we now clear?

geneer

jamesd wrote: »

CPI Jan 2011 / Jan 2008 * 100 = 116.9 / 105.5 * 100 = 11.28% increase over three years.
RPI 229.0 / 209.8 * 100 = 9.15%

The Office for National Statistics provide CPI and RPI data. The index values for recent years have been:

D7BT CPI (2005 = 100) CHAW All items RPI (Jan 1987 = 100)
2007 Jan    CPI        103.2    RPI        201.6
2007 Feb    CPI        103.7    RPI        203.1
2007 Mar    CPI        104.2    RPI        204.4
2007 Apr    CPI        104.5    RPI        205.4
2007 May    CPI        104.8    RPI        206.2
2007 Jun    CPI        105.0    RPI        207.3
2007 Jul    CPI        104.4    RPI        206.1
2007 Aug    CPI        104.7    RPI        207.3
2007 Sep    CPI        104.8    RPI        208.0
2007 Oct    CPI        105.3    RPI        208.9
2007 Nov    CPI        105.6    RPI        209.7
2007 Dec    CPI        106.2    RPI        210.9
2008 Jan    CPI        105.5    RPI        209.8
2008 Feb    CPI        106.3    RPI        211.4
2008 Mar    CPI        106.7    RPI        212.1
2008 Apr    CPI        107.6    RPI        214.0
2008 May    CPI        108.3    RPI        215.1
2008 Jun    CPI        109.0    RPI        216.8
2008 Jul    CPI        109.0    RPI        216.5
2008 Aug    CPI        109.7    RPI        217.2
2008 Sep    CPI        110.3    RPI        218.4
2008 Oct    CPI        110.0    RPI        217.7
2008 Nov    CPI        109.9    RPI        216.0
2008 Dec    CPI        109.5    RPI        212.9
2009 Jan    CPI        108.7    RPI        210.1
2009 Feb    CPI        109.6    RPI        211.4
2009 Mar    CPI        109.8    RPI        211.3
2009 Apr    CPI        110.1    RPI        211.5
2009 May    CPI        110.7    RPI        212.8
2009 Jun    CPI        111.0    RPI        213.4
2009 Jul    CPI        110.9    RPI        213.4
2009 Aug    CPI        111.4    RPI        214.4
2009 Sep    CPI        111.5    RPI        215.3
2009 Oct    CPI        111.7    RPI        216.0
2009 Nov    CPI        112.0    RPI        216.6
2009 Dec    CPI        112.6    RPI        218.0
2010 Jan    CPI        112.4    RPI        217.9
2010 Feb    CPI        112.9    RPI        219.2
2010 Mar    CPI        113.5    RPI        220.7
2010 Apr    CPI        114.2    RPI        222.8
2010 May    CPI        114.4    RPI        223.6
2010 Jun    CPI        114.6    RPI        224.1
2010 Jul    CPI        114.3    RPI        223.6
2010 Aug    CPI        114.9    RPI        224.5
2010 Sep    CPI        114.9    RPI        225.3
2010 Oct    CPI        115.2    RPI        225.8
2010 Nov    CPI        115.6    RPI        226.8
2010 Dec    CPI        116.8    RPI        228.4
2011 Jan    CPI        116.9    RPI        229.0
2011 Feb    CPI        117.8    RPI        231.3
2011 Mar    CPI        118.1    RPI        232.5
2011 Apr    CPI        119.3    RPI        234.4
2011 May    CPI        119.5    RPI        235.2

Note that this is the all items RPI and includes changes in mortgage interest rates. If you want RPI excluding mortgage interest rates there's a series for that as well.

Given the error in the CPI calculation (lack of compounding because the index value wasn't used) it would be nice to know the source of the wage inflation data so that can be looked at by all as well.

I've used a simple total of the annual % values provided on HPC.
I've done the same with the annual % values of salary increases.
Might not be how stephen hawkings would do it, but its close enough to make the point.

I've also already provided RPI and CPI. Theres not really much in it.

The source of the median annual salary increases has already been posted.

Batchy

geneer wrote: »

Really. I don't see why.




Ok.





I've used the values for december. Traditionally know as the end of the year for some reason.

:rotfl:

evenmoreconfused.com :mad:

can someone please take the shovel from geneer as the hole he is burying himself into is so deep, there will soon be no way out!:cool:

geneer

Batchy wrote: »

:rotfl:

evenmoreconfused.com :mad:

can someone please take the shovel from geneer as the hole he is burying himself into is so deep, there will soon be no way out!:cool:

I can't see the hole for your smokescreen batchy. :rotfl:

Batchy

geneer wrote: »

I can't see the hole for your smokescreen batchy. :rotfl:

you bad man... explain yourself!

geneer

Batchy wrote: »

you bad man... explain yourself!

What I'm saying is that I've clarifed and validated the original comparions a number of times since the start of this discourse.

I've also admitted that my wording of one statement might have been unclear in its own right, leaving room for the usual tedious internet chat room pedantry. But I also highlighted that the statement was not on its own, that it has been clarified, and that the banal pedatry could reasonably be put to the side.
Which really didn't appear to suit everyone. :rotfl:

However, because I've gone to painful lengths to deal with said pedantry, you're left with no recourse by to indulge in pointless diversionary flim flam.

Hence your metaphorical "smokescreen". Which naturally would cover a metaphorical hole.;)

sabretoothtigger

PasturesNew wrote: »

Median salaries can increase if you sack everybody in the lower ranks.

Who will do all the work. The opposite is more likely. If workers even in communist China are getting richer, that puts a squeeze on here