Good news, inflation down.

RenovationMan

shortchanged wrote: »

Yes I do, hence the the laugh at the end of my comment. I must stop this sarcastic streak.

FWIW, probably not much, but I thought it was obvious that shortchanged was being sarcastic in his comment.

nicko33

Loopgames wrote: »

Reread the article carefully.

"Falls in the price of food, air transport and fuel helped to push the inflation rate lower. [cont'd]...."

"Falls in the price of food..."
means food has fallen in price

some things have gone up, some things have gone down
overall, the average is up.

Jennifer_Jane

CLAPTON wrote: »

the september rate of inflation is the measure of the change of price between september 2010 and september 2011
i.e. it is the ANNUAL change in prices

Yes, of course. Perhaps I should just go back to sleep! Thanks.

So what is it that I mean, then? Is it an average of the 12 months? What is the fairest way of doing it, that doesn't take into account one abritrary point in time?

Jennifer_Jane

RenovationMan wrote: »

FWIW, probably not much, but I thought it was obvious that shortchanged was being sarcastic in his comment.

Yes, me too. Despite my own (rare) little lapse in intelligence later on. (cough)

CLAPTON

Jennifer_Jane wrote: »

Yes, of course. Perhaps I should just go back to sleep! Thanks.

So what is it that I mean, then? Is it an average of the 12 months? What is the fairest way of doing it, that doesn't take into account one abritrary point in time?

inflation is the general increase in prices as measured by an Index
this is the sum of the changes over each month on month over the years

the rate of inflation is the CHANGE over a 12 month period

if you wish to reduce the increase in pensions, benefits, index linked savings, then fine just make up a number
but if you want it to reflect the price of a basket of goods and services then the way its being done is a fair and honest way of doing it.

Jimmy_31

Aberdeenangarse wrote: »

Don't worry about reweird he lives in a Bungalow - hence nothing up top

I bet he hasnt got a basement either;)

Jennifer_Jane

CLAPTON wrote: »

inflation is the general increase in prices as measured by an Index
this is the sum of the changes over each month on month over the years

the rate of inflation is the CHANGE over a 12 month period

if you wish to reduce the increase in pensions, benefits, index linked savings, then fine just make up a number
but if you want it to reflect the price of a basket of goods and services then the way its being done is a fair and honest way of doing it.

Thanks, CLAPTON, so no fairer way of doing it. It may not have appeared so, but I do actually understand Inflation and what it is, but thanks for the lesson. Apologies that I couldn't explain what I was thinking of rather better.

michaels

I'm sure we (this board) did a thread (poll?) on exactly how high inflation would peak but I can't find it - anyone better with the search skills than me able to find it?

DervProf

reweird wrote: »

Not the sharpest tool in the box are you. But a tool nonetheless.

The sarcasm wasn't even subtle.

Better get to hospital quick reweird, that bullet wound in your foot looks serious.

Mrs_Bones

shortchanged wrote: »

Well I'm going to treat myself to a kingsize Mars for a change. Bring on the good times.

Out,_Vile_Jelly wrote: »

I've always thought that multi-pack snack size Mars bars taste the best. Something to do with the ratio of chocolate to filling maybe?

shortchanged wrote: »

Maybe, but I haven't seen the price of a bar of chocolate dropping recently.

Wow, there are some rich folk on this forum splashing out on Mars bars

Shortchange, I'll let you into a secret, Aldi do a 7 pack of copy cat Mars bars for 69p and they taste just as good :cool:, shhh... don't tell Out, vile Jelly we don't want them to clear the shelves.