Good news, inflation down.

shortchanged_2

Mrs_Bones wrote: »

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.

Thanks for that info Mrs Bones. I still can't get over the fact that you have to pay circa 70p for a standard Mars bar in a lot of shops these days.
Thank god I'm not a chocaholic as it would be as costly a habit as smoking these days. :eek:

michaels

Found it - looks like the DHP&E board called in back in January as usual - shame we don't get paid as much as Merv or the city analysts

worldtraveller

The sheeple, overpaid, pointless, city economists, including most of the BOE MPC totally screwed up on the inflation rate over the past couple of years, just like most things......economic. Back in February 2010 they were all saying that it would be around 3% for most of 2010 and then fall back in 2011. I said at that time that they had totally underestimated it and that it "will go to at least 5%+ and I don't expect it to fall back much, if at all, either."

They are largely nothing more than Ivory Towered fools.

vivatifosi

michaels wrote: »

Found it - looks like the DHP&E board called in back in January as usual - shame we don't get paid as much as Merv or the city analysts

worldtraveller wrote: »

Back in February 2010 they were all saying that it would be around 3% for most of 2010 and then fall back in 2011. I said at that time that they had totally underestimated it and that it "will go to at least 5%+ and I don't expect it to fall back much, if at all, either."

Sounds like michaels should run the survey again next year and the year after. If we get three out of three, we'll have proof and can set ourselves up as an extremely expensive consultancy firm, for hire to any government that still has money to pay us (I say us, but fully admit I didn't even vote in the poll, though of course, if I had, I would have been right too:D).

Generali

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.

If you want to be really pedantic (which of course I'd never be) inflation is measured by the GDP deflator. THE RPI measures the change in the cost of living.

vivatifosi wrote: »

Sounds like michaels should run the survey again next year and the year after. If we get three out of three, we'll have proof and can set ourselves up as an extremely expensive consultancy firm, for hire to any government that still has money to pay us (I say us, but fully admit I didn't even vote in the poll, though of course, if I had, I would have been right too:D).

Trouble is we'd never decide whether to invoice in gold, silver, baked beans or if we'd lower ourselves to accepting fiat money.

lvader

Has anyone eslse noted that when we have small increases in inflation it's reported by the press as a "surge", but a decrease by a similar amount is reported as "fell slightly".