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CPI hits records at 5.2%
Comments
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Jesus Graham, you made yourself look a total !!!! by cocking up the initial argument, then to retaliate you pull up old, unrelated thread about interest rates and make yourself look a !!!! again.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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It can be read either way. Whatever. You meant this, I meant that blah blah blah....
What is funny is how accurate the powers that be were with their graph. Like we didn't already know but.....
THEY ARE PANTS!0 -
andyroberts1967 wrote: »I don't follow the whole of this 100% but I understand what you saying about pension rises being backward facing, and I guess it always will be unless they change the system completely. Pensioners do also get the winter payment allowance too, as someone said before, so this has quite rightly, been cushioning the rises. Not sure if the vast majority of pensioners live in smaller places though, I don't have numbers to hand, but just my personal experience, a lot of ones I know still live in family homes. They should be happy about today's figure though.
Some will but the vast majority of bunglows are lived in by the elderly, My folkes moved in one from a 3 bed house this year and their heating bill is nearly half of their 3 bed semi.
But thank for a reasoned response and understanding what I said in the context I said it.0 -
Jesus Graham, you made yourself look a total !!!! by cocking up the initial argument, then to retaliate you pull up old, unrelated thread about interest rates and make yourself look a !!!! again.
The best bit is me saying the BOE are fairly spot on, post a picture showing possible 5% inflation in the near term, but then somehow suggest they could be wrong by saying I can't see it being right.
If I was talking of inflation why did no one pull me up has being a hypocrite as I would seem to disagree with the BOE forecast spread??
Also notice how LJ agrees with me but thinks a 2.5% base rate and we talk of that. But no I was talking of inflation so be told, forget the full article.
Same thread
Doh.TBF I do not think I am entitled to a cheap mortgage, with the debt in the system, slack, taxes etc growth will be slow.
I can not really see rates going up that fast or high TBH for a long time. 0 -
Some will but the vast majority of bunglows are lived in by the elderly, My folkes moved in one from a 3 bed house this year and their heating bill is nearly half of their 3 bed semi.
But thank for a reasoned response and understanding what I said in the context I said it.
That's OK, I've just heard on the lunchtime news that the September figure is going to be used to calculate the income tax threshold increases, so that's something. As a civil servant I'm subject to a 2 year wage freeze. Every little helps! :rotfl:0 -
Jesus Graham, you made yourself look a total !!!! by cocking up the initial argument, then to retaliate you pull up old, unrelated thread about interest rates and make yourself look a !!!! again.
Hey Joe, nice to see you running in to also fall over.
I'm feeling a little cheeky today, what with the Hamish, Pimperne, Riona, Really2 collective changing their arguments to whichever way the wind blows.
I've been called all kinds of things for stating inflation would pass 5% over the past couple of years. By these very people. You didn't bat an eyelid then, just thanked the posts. So don't mind me. Just playing the same game, and no, I'm not rising above it, and happy toi admit I'm stirring here....again, you'd thank Hamish for it
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JonnyBravo wrote: »It can be read either way. Whatever. You meant this, I meant that blah blah blah....
What is funny is how accurate the powers that be were with their graph. Like we didn't already know but.....
THEY ARE PANTS!
it's on a piece of of elastic, they just stretched it a bit again. 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
Blanchflower ! He was the twxt on the MPC who wanted to inflate the bubble prior to the 2008 financial crisis to ever higher levels by his "Dove" like approach to a rapidly overheating Economy .. He is the financial equivalent of a Quack !0 -
Some will but the vast majority of bunglows are lived in by the elderly, My folkes moved in one from a 3 bed house this year and their heating bill is nearly half of their 3 bed semi.
But thank for a reasoned response and understanding what I said in the context I said it.
As you said personal inflation will be different. I know in my Motheres case the fuel cost is perhaps 30/40% of ours but that it represents perhaps 200% more (as a proportion) of her income. Therefore a 20% increase in that element of her different basket takes her personal inflation up higher than the 5.3/5.6 headline.
Possibly more so in that she doesn't consume the electronic goodies or pay a mortgage that contribute to deflationary elements in the figures either."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »As you said personal inflation will be different. I know in my Motheres case the fuel cost is perhaps 30/40% of ours but that it represents perhaps 200% more (as a proportion) of her income. Therefore a 20% increase in that element of her different basket takes her personal inflation up higher than the 5.3/5.6 headline.
Possibly more so in that she doesn't consume the electronic goodies or pay a mortgage that contribute to deflationary elements in the figures either.
Indeed, pain today. Hopefully next years 5.2% will more than cover her personal inflation for next year.
Pensioners are worse off in current years of rising inflation but better of the following year if inflation falls back.
It's a funny system you have to see it as backward facing so next years rise cover this years losses.
So in a years pain, it should even out in the end.
So visa versa should energy fall like in 2008 or stay static next year her personal inflation will look better than the average.0
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