CPI hits records at 5.2%

grizzly1911

Really2 wrote: »

Council tax should be frozen next year, I am not convinced energy will carry on growing up in the short term.

China submitted slowing GDP again today,

If the world downturns again energy should fall again.

I agree I think energy will stall in the short term, they ripped us while they could.

I accept Council tax is frozen for now. Interestingly even though there are deep cuts in public sector , they are not suggesting cuts in Council Tax;)

Really2

Dev If you cant understand that the fist response to an article called.

OECD warns UK rates may have to go up
Is not about interest rates and the graph does not relate to me talking about the BOE you have issues.

The main one being the post makes no sense what would the boe be putting up a bit? inflation.:o

last post deleted as I can't be @ssed really with devs obsession.

Graham_Devon

Really2 wrote: »

But GD really, have you read the old thread???

I have read the thread.

And you DO refer to rates. But further on in the thread. Where you state rates, in response to a quote about rates. Which is much much clearer. You usually state rates when you mean rates. As most people do.

http://forums.moneysavingexpert.com/showpost.php?p=31660911&postcount=6

Why would you say the same thing twice, only once not referring to rates and saying you can't see "it" (i.e. inflation) going past 5%, and a few mins later, referring to rates and simply saying you can't see "them" going up for a while?

Were you disagreeing with yourself again?

Or, was it more than likely that your description for your view on base rates was different to your views a few mins earlier, because you were talking about inflation in one post and rates in another....

Really2 wrote: »

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.

"no no, said really, same thing, I like to explain things in several ways, make sure I'm right whatever happens"..."I like to call rates "it" in one post with an explanation showing an inflation graph, and call them rates in another".

I'm having fun

Really2

Can someone explain what it means when you do a full stop and new paragraph means.

Really2

Graham_Devon wrote: »

"no no, said really, same thing, I like to explain things in several ways, make sure I'm right whatever happens"..."I like to call rates "it" in one post with an explanation showing an inflation graph, and call them rates in another".

I'm having fun

Good, so lets look.

But they may put it up a tiny bit if we do grow quickly, but inflation is not that high really.

Cant see it going any where near 5% for years TBH

So by your own devonian law.

I call the base rate it, I call inflation, inflation. What is the It in the next paragraph. if not the same "it" as the sentence before. Why did I not call inflation inflation. ..... Doh.,
And why would I be saying BOE it could put inflation up? it makes no sense, not even to you!

This is another tread wrecker GD. Get a girl, go for a tommy tank or something...

Graham_Devon

Really2 wrote: »

Can someone explain what it means when you do a full stop and new paragraph means.

Sorry, still not washing.

You quoted the above post.

The above post said:

the bank of england may have to start hiking rates sooner than other central banks because of inflationary warnings signs

Your response was to link up to a BOE inflationary projection graph, of which you suggested they have been pretty much spot on.

You then suggest you can't see "it" going past 5%.

How idiotically dumb do you think we are, for you to suggest that actually, based on all of that, you were talking about interest rates, because of a full stop?

You go on to talk about rates, when you state, RATES.

It's plain for all to see, yet you simply won't let it go....now even suggesting the full stop makes it clear you weren't talking about what you were directly responding too!! LOL.

We both look silly now, with not letting this drop. But come ON. This is the best squirming I have seen from you yet! Top class wriggling!!

Really2

Graham_Devon wrote: »

How idiotically dumb do you think [STRIKE]we are[/STRIKE]I am

It's not just me.

Anyway can we stop the Devon show for a bit.

However interesting my forecast the base rate won't go up to 5% for years is.
I am sure the new members do not like 20 pages of you calling a cucumber a small marrow.

Graham_Devon

Really2 wrote: »

It's not just me.

Anyway can we stop the Devon show for a bit.

Well as you are dragging out the personal insults now, I guess it's time I let it go.

Still plainly obvious though.

Really2

Anyway, anyone now wanting to talk about today's inflation release and not the meaning of a thread 2 years ago.

Welcome back.

gagahouse

grizzly1911 wrote: »

Oh well they will not be able to hide behind the "VAT increase effect" reason much longer

Consumer Prices Index excluding indirect taxes (CPIY)

The CPIY is the same as the all items CPI except that it excludes price changes which are directly due to changes in indirect taxation (such as VAT).

In the year to September, the CPIY rose by 3.7 per cent, up from 3.0 per cent in August. The CPIY and CPI 12-month rates have therefore both increased by 0.7 percentage points between August and September. This is because there were no changes to indirect taxation that impacted on the CPI between August and September.



Consumer Prices Index at constant tax rates (CPI-CT)

The CPI-CT is the same as the CPI except that tax rates are kept constant at the rates they were in the base period (currently January 2011).

In the year to September, CPI-CT rose by 3.5 per cent, up from 2.9 per cent in August. Therefore the CPI-CT 12-month rate rose by 0.6 percentage points between August and September compared with an increase of 0.7 percentage points in the CPI 12-month rate between the same two months. The impact of rounding is the main reason for the small difference in the changes in the CPI-CT and CPI 12-month rates between August and September (there were no changes to indirect taxation that impacted on the CPI between August and September).

time to drag these out again

http://www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/september-2011/stb---consumer-price-indices---september-2011.html#tab-Other-measures-of-CPI-inflation