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CPI up slightly
HAMISH_MCTAVISH
Posts: 28,592 Forumite
4.5% from 4.4% last month.
Primarily due to energy costs.
Primarily due to energy costs.
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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CPI has risen mostly due to clothing, energy and petrol.
Clothing actually increased at record rates.
RPI has risen from 5% to 5.2%.
BOE now say CPI will fall to target in the next two years. I.e. they have extended the time frame from a couple of months back when they were saying next year.0 -
So we are all getting poorer because the BoE is incapable of doing it's main job.0
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So we are all getting poorer because the BoE is incapable of doing it's main job.
Change the record
we are not getting poorer, we are poorer. 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
So we are all getting poorer because the BoE is incapable of doing it's main job.
Not this nonsense again.....:(
Besides, increasing interest rates when the economy is this weak would actually increase RPI in the short term, until enough people lost their jobs that prices started to fall. Not exactly a sensible strategy.“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”0 -
What was the market consensus forecast?I think....0
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HAMISH_MCTAVISH wrote: »Not this nonsense again.....:(
Besides, increasing interest rates when the economy is this weak would actually increase RPI in the short term, until enough people lost their jobs that prices started to fall. Not exactly a sensible strategy.
QE would have contributed to inflation. Not just IRs.0 -
QE would have contributed to inflation. Not just IRs.
Do you really think the UK's contribution to the global monetary easing is responsible for even 0.1% of any of this imported inflation?“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”0 -
HAMISH_MCTAVISH wrote: »Do you really think the UK's contribution to the global monetary easing is responsible for even 0.1% of any of this imported inflation?
The whole 5% is not imported.0 -
The whole 5% is not imported.
The vast majority of the above target part is either imported or tax.“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”0 -
According to fxstreet 4.5% for CPI was the consensus. Both core CPI (3.1%) and RPI (5.2%) were 0.1% above forecast.What was the market consensus forecast?"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0
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