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CPI falls to 3.6%
Comments
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Graham_Devon wrote: »The BBC news has said all of VAT has now fallen out.
It's a one off. Same as it was in Jan 2011, and it didn't put that much in terms of percentage points on in January.
VAT has been well overused as an excuse for too long.
time will tell
i'm inclined to agree with generali that the we'll know more within the next few months
if inflation doesn't undershoot by q3 then i think the bank has some explaining to do'Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.'
GALATIANS 6: 7 (KJV)0 -
We are not spending.
VAT out of the figures for this month. There are no price falls this January. Its just a lower increase when comparing to this time a year ago.
People really need to understand inflation before they comment on this!
I think the way the GDP in the UK is falling, we will get some price competition and falling prices, but we will also suffer at the hand of energy, oil gas based products.Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
ruggedtoast wrote: »Prices aren't falling. The rate by which prices are increasing has marginally lowered to only almost double what they are meant to be; mostly because an arbitrary and large rise in tax last year has now filtered out.
Prices did fall over the last month.
There's something curious about inflation statistics that brings out the pedants
“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
Prices did fall over the last month.
There's something curious about inflation statistics that brings out the pedants
I see, I didnt realise we were looking at a yearly figure but only commenting on the last 30 days.
The drop is mostly attributed to the VAT rise a year ago being fed in in any case.0 -
Wht makes you think prices fell last month?
My understand is that just went up at a slower rate than the months before.
No, prices did actually fall last month.
The RPI index decreased from 239.4 to 238.0.
The year on year figure is still up of course, but reducing rapidly.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Sort of thing they would say. You don't think they understand these figures do you? Economic numeracy isn't a requirement to be a BBC journo, even in the Business section.Graham_Devon wrote: »The BBC news has said all of VAT has now fallen out.
The same people talk about paying down the deficit (though I've heard the same from Labour politicians)."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
The CPI Index
Dec 2011 - 121.7
Jan 2012 - 121.1
-0.5%
the index fell from Dec to Jan
but
Jan 2011 - 116.9
Jan 2012 - 121.1
+3.6%
the index has risen from last Jan to this Jan
Indeed.
Both RPI and CPI fell month on month. Prices are currently falling.
Prices are still higher than a year ago, but the rate of change is also falling rapidly.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
andyroberts1967 wrote: »Well at least it's now all going the right way, let's hope prices continue to fall in the coming months, I think a lot of people have been squeezed with the price rises in the last year or so.
A lot of people fall for this untruth.
A reduction in inflation does not mean that prices are falling.
I'm pretty sure I heard Danny Alexander imply this in a radio interview earlier. It is pretty easy for politicians and the media to fool the public into thinking that a lower CPI/RPI figure means that prices are falling.
Price increases are falling, not prices. We need negative inflation for prices to fall.
Some have said that prices have fallen, month on month.
Can't say I`ve noticed. Diesel is at least as much (if not a little higher) than 1 month ago. Food ? Bread, Milk, Cheese - still the same. Meat, up slightly (in the case of chicken, I`ve noticed a fairly large increase).30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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