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4.2% Anyone ?
Intoodeep
Posts: 1,673 Forumite
As anybody with a grasp of mathematics and a calendar could have told the meejah, Inflation down to 4.2% and that doesn't yet include the 'effects' of the vat rise, so will inevitably drop again next month.:beer:
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As anybody with a grasp of mathematics and a calendar could have told the meejah, Inflation down to 4.2% and that doesn't yet include the 'effects' of the vat rise, so will inevitably drop again next month.:beer:
Indeed. Looks like Merv will be proved correct.
If I don't reply to your post,
you're probably on my ignore list.0 -
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Great, its still only rising by more than double what it should be then.
This makes the 0.5% pay rise I got two years ago seem all the sweeter.0 -
Great, inflation is only a little bit over 100% over target now.0
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Problem is look at the reasons why the ONS say inflation has decreased.
Lower clothes prices, heavily discounted.
Lower fuel prices.....back on the way up.
The mild winter will certainly have helped a little as people have been spending less on domestic fuel than they would have if we had another very cold winter.
I think the big potential problem now is the climb in price again of crude oil.
While we all welcome lower inflation particularly without wage growth and I'm sure it will come down a little, I do however feel it is still going to remain well above target for some time.0 -
I think inflation will rise and fall only slightly as we continue on the plateau. It will fall back has downturn/recession cuts demand and rise as oil rises on the slight growth upticks.
Don't see inflation getting near 2% TBH, but neither do I see demand push it into double figures as the cost of oil will squash it.Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.0 -
Yup, broadly as expected.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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angrypirate wrote: »Even a stopped clock is correct twice a day. Merv has been saying inflation will fall now for over 2 years.
Anyway, food inflation is still climbing. You cant eat Iphones and Blu-ray players.
You can eat Blackberry's though.
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v good news all round0
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