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MSE News: Interest rates held at record low

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MSE News: Interest rates held at record low

7 replies 240 views
Former_MSE_HelenFormer_MSE_Helen
2.4K posts
This is the discussion thread for the following MSE News Story:

"Ofgem is to investigate energy prices after end of year results were this week revealed by five of the big six providers"
Read the full story:
Interest rates held at record low


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Replies

  • JimmyTheWigJimmyTheWig Forumite
    12.2K posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭✭
    The British Retail Consortium said food prices rose 5.7% in June - the highest rate for two-and-a-half years.
    Did they really go up by 5.7% in one month? If so, that's shocking.
    I'm hoping that it's a misprint and it's a 5.7% annual increase to June.
  • edited 7 July 2011 at 2:33PM
    ultrawombleultrawomble Forumite
    492 posts
    edited 7 July 2011 at 2:33PM
    Indeed. When you go to the horse's mouth it says:
    Food inflation accelerated to 5.7% in June from 4.9% in May.

    Source

    Using the logic implied in the MSE article we've experienced a 10.6% rise in food prices on the last 2 months alone (4.9% + 5.7%). At that rate, food prices will double inside 18 months.
  • ElmerFuddElmerFudd Forumite
    444 posts
    I knew I should have stocked up on some "long term" items a few months back. At least the base rate stays the same....for now.
    Debt at worst: £33000 (Feb 2011). Present debt: £25610 (Apr 2012)
    Lloyds old (22.4%) = 560 (Dec 2012)
  • The_ThrillaThe_Thrilla Forumite
    1K posts
    ✭✭✭
    Indeed. When you go to the horse's mouth it says:



    "Food Inflation accelerated to 5.7% in June from 4.9% in May"

    Using the logic implied in the MSE article we've experienced a 10.6% rise in food prices on the last 2 months alone (4.9% + 5.7%). At that rate, food prices will double inside 18 months.

    It's not the horse's mouth; it's the bull's rectum. The CPI and the RPI are government statistics. Treat them like all other government statistics. Ignore them.
  • SibleySibley Forumite
    1.6K posts
    We want to keep low rates whatever the cost to savers.
    We love Sarah O Grady
  • geoffkygeoffky Forumite
    6.8K posts
    some of us savers are still getting 5.5% and will be for a few more years yet...sibly you are a buffoon..
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • undetterredundetterred Forumite
    635 posts
    500 Posts
    ✭✭
    geoffky wrote: »
    some of us savers are still getting 5.5% and will be for a few more years yet...sibly you are a buffoon..


    My c+ck is bigger than yours.
This discussion has been closed.

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