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CPI hits records at 5.2%
Comments
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"Five or six years of 5% inflation does the job nicely. That way we get to inflate our debt away and we don't have to go through all this austerity nonsense."
~David Blanchflower, Nov 2010“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 -
RPI rose from 5.2% to 5.6%, not the other way around!!!!
AMDDebt Free!!!0 -
For Gods sake Graham, if you cant see the logic was.In reality if their general inflation stayed at 5.2% from April next year they would in theory see no change in living standards.
You even question that as no being reality though, well if it happens it is 100% correct actually.!!!
Although inflation should be lower by then. But in reality the pension rise is backward facing.
Your like a drunk moth flying round a bulb.
So in general inflation has been bad news for pensioners, But it is a good month for them to see the highest level. It is also good news they are seeing a good rise next year.0 -
Graham_Devon wrote: »Actually they will.
You need to look at pensioners inflation rates to make that comparison. 5.2% increase will help them, but they will still be a lot poorer what with 15% hikes in gas and electric etc.
They would be a lot poorer if you removed those energy subsidies, like £250? I think, and payments when the temperature drops.'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 -
For Gods sake Graham, if you cant see the logic was.
You even question that as no being reality though, well if it happens it is 100% correct actually.!!!
Although inflation should be lower by then. But in reality the pension rise is backward facing.
Your like a drunk moth flying round a bulb.
Dear lord.
Please read.
A pensioners inflation rate is NOT the CPI rate!!!!! !!!!! !!!!!!!!!!!!!!!!!!!!The inflation rate for pensioners is more than double the 5.2 per cent that the Consumer Price Index is running at, and is the highest level since at least the recession of the early 1990s, according to the analysis.0 -
'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
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HAMISH_MCTAVISH wrote: »"Five or six years of 5% inflation does the job nicely. That way we get to inflate our debt away and we don't have to go through all this austerity nonsense."
~David Blanchflower, Nov 2010
Methinks he should stick to football
'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 -
HAMISH_MCTAVISH wrote: »"Five or six years of 5% inflation does the job nicely. That way we get to inflate our debt away and we don't have to go through all this austerity nonsense."
~David Blanchflower, Nov 2010
This the same Blanchflower you've been critical of pretty much everything he's done or said in recent years?
Rising prices is a good thing, innit?It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
HAMISH_MCTAVISH wrote: »"Five or six years of 5% inflation does the job nicely. That way we get to inflate our debt away and we don't have to go through all this austerity nonsense."
~David Blanchflower, Nov 2010
Why the cheating little plagiarist.....
"a few years of 4% will do wonders for debt."
JonnyBravo 29th July 2010JonnyBravo wrote: ».....a few years of 4% will do wonders for debt.0 -
Graham_Devon wrote: »Dear lord.
Please read.
A pensioners inflation rate is NOT the CPI rate!!!!! !!!!! !!!!!!!!!!!!!!!!!!!!
I know that is why I said personal inflation rate!!!!
That is why i also saidIn reality if their general inflation stayed at 5.2% from April next year they would in theory see no change in living standards.
Dear lord indeed, you never read my post did you. You just argued it as wrong.
Go on mystic meg, tell me pensioner personal inflation for the next financial year.
Until it is shown as higher (or lower) what I wrote was correct (providing they don't spend more than they receive)
I know their personal inflation is not CPI or RPI. But current inflation is not their inflation from April next year is it!!!
Man, you could make a Hare Krishna kick off.0
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