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Inflation DOWN

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Comments

  • michaels
    michaels Posts: 29,515 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Does anyone know which components? Is it just the usual international suspects food and fuel or could it be that weak demand is feeding through to firms cutting margins?
    I think....
  • michaels
    michaels Posts: 29,515 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Inflation down but number of CPI threads is up.
    I think....
  • beecher2
    beecher2 Posts: 3,677 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    michaels wrote: »
    Does anyone know which components? Is it just the usual international suspects food and fuel or could it be that weak demand is feeding through to firms cutting margins?
    The ONS said a sharp fall in prices of games, computer consoles, and high street electrical products such as televisions and digital cameras outweighed another rise in food prices.
    Recreation and culture, which includes games and hobbies, saw prices fall by a record 0.9 percentage points. Another significant faller was clothing and footwear as summer sales began early, especially in women's shoes and fashions.
    Food and alcohol continue to rise, with prices 0.9 percentage points higher over the month and increases across the board but especially in bread, cereals, meat, milk, cheese and eggs, squeezing household incomes even harder.

    http://www.independent.co.uk/news/uk/home-news/unexpected-fall-in-uk-inflation-2312357.html
  • edinburgher
    edinburgher Posts: 14,532 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Inflation DOWN

    I had forgotten it could go that way :D
  • michaels
    michaels Posts: 29,515 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    So more inflation of 'essentials' balanced by falls in 'luxuries' - not good for those struggling most but great for those with spare income.
    beecher2 wrote: »
    http://www.independent.co.uk/news/uk/home-news/unexpected-fall-in-uk-inflation-2312357.html
    I think....
  • geneer
    geneer Posts: 4,220 Forumite
    julieq wrote: »
    http://www.bbc.co.uk/news/business-14119532


    In otherwords, inflation at 4.2% in June.
    Erm....woo hoo!
  • ILW
    ILW Posts: 18,333 Forumite
    geneer wrote: »
    In otherwords, inflation at 4.2% in June.
    Erm....woo hoo!


    Yep, your £2000 pm salary of last year is now worth £1900 or so.

    Inflation alone is costing you £100 per month.

    That truly is something to celebrate.
  • geneer
    geneer Posts: 4,220 Forumite
    ILW wrote: »
    Yep, your £2000 pm salary of last year is now worth £1900 or so.

    Inflation alone is costing you £100 per month.

    That truly is something to celebrate.


    Or not. Which was kind of my point.
  • Euphoria1z
    Euphoria1z Posts: 952 Forumite
    does this mean theres less chance of a interest rate increase?
  • purch
    purch Posts: 9,865 Forumite
    does this mean theres less chance of a interest rate increase?

    The chances of that remain unchanged :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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