4.2% Anyone ?

grizzly1911

ruggedtoast wrote: »

Its not good news at all. Inflation has been around 5% for years yet average wages have barely moved. There is no sign at all of this changing in the near to medium term, even if Labour get back in next time.

That means that in real terms, living standards are falling noticeable for most people each year and will likely continue........ to do so for 3 - 6 years.
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Hi lighted the the key bit IMO.

We have all been pegged back by years and with out global re-balancing they will not be recovered.

moneyinmypocket

cost of living is falling + more money in peoples pockets = lets get this moving again. 3 big cheers yeah baby yeah

grizzly1911

StevieJ wrote: »

It was minus (deflation) as recently as Oct 2009, funny how the mind can play tricks when it wants to

[FONT=&quot][/FONT] I didn't miss it, my deferred pension valuation was quick to tell me no increase was justified for that year._pale_
[FONT=&quot][/FONT][FONT=&quot][/FONT]

grizzly1911

moneyinmypocket wrote: »

cost of living is falling + more money in peoples pockets = lets get this moving again. 3 big cheers yeah baby yeah

Yeah things are so much better now, no need to worry, about a thing.

moneyinmypocket

I am not saying there is nothing to worry about but lets look at postive things as postive instead of knocking everything. Onwards and upwards.

Really2

shortchanged wrote: »

Lower fuel prices.....back on the way up.

I thought rises came in recently and a raft of cuts are coming in over the next couple of months on domestic fuel? if anything fuel will be falling over the next few months compared to last year.

Also are fuel rises at a higher rate than the same time last year? I really doubt they are as fuel seems to have been fairly stagnant and the vat increases would have made ast years increases seem even larger.

shortchanged_2

Really2 wrote: »

I thought rises came in recently and a raft of cuts are coming in over the next couple of months on domestic fuel? if anything fuel will be falling over the next few months compared to last year.

Also are fuel rises at a higher rate than the same time last year? I really doubt they are as fuel seems to have been fairly stagnant and the vat increases would have made ast years increases seem even larger.

I was referring to the recent increase in crude prices and the subsequent rise at the pumps.

Thrugelmir

Really2 wrote: »

I thought rises came in recently and a raft of cuts are coming in over the next couple of months on domestic fuel? if anything fuel will be falling over the next few months compared to last year.

Wholesale gas prices for December 2012 were recently trading at 14% above December 2011 prices. So any respite is likely to be shortlived. Particularly when capital expenditure plans and green taxes are factored in as well in the future.

Denzel09uk

You've also got to take into Account energy prices have also fallen by 5% so that will affect inflation next month.

Really2

shortchanged wrote: »

I was referring to the recent increase in crude prices and the subsequent rise at the pumps.

But inflation is taken from percentage increase last Jan (say Jan for the sake of it) vs percentage increase this Jan.

It is not the difference in price from last Jan, it is the difference in increases (decreases) in the same comparable month.

EG

Jan 2010 Diesel = 113.7
Jan 2011 Diesel = 132.8 (16.8% increase)
Jan 2012 Diesel = 141 (6.2% increase, data from telegraph 8th Jan)

Should mean Jan Fuel inflation will still be deceasing as the rate of growth is slowing comparatively.