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Debate House Prices
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CPI falls to 3.6%
Comments
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We need negative inflation for prices to fall.
We have negative inflation month on month.Some have said that prices have fallen, month on month.
The average of prices for goods contained in the CPI and RPI baskets have indeed fallen month on month.Can't say I`ve noticed.
Individual results may vary.:D“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 -
HAMISH_MCTAVISH wrote: »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 index nearly always falls between Dec & Jan.
it's due to an effect known as 'the January sales'.FACT.0 -
the_flying_pig wrote: »the index nearly always falls between Dec & Jan.
Not by this much.“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 -
Wrong. The average fall of CPI between December and January since records began in 1996 is -0.52%, that number is inclusive of todays data and last years which was the only time CPI rose (by 0.1%) between December and January.HAMISH_MCTAVISH wrote: »Not by this much.
Data from the Detailed CPI and RPI reference tables, tab "Table 5a,b,c", column "C", rows "62-78"."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
RUN_RABBIT_RUN wrote: »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
But we will never know.
The news etc seem to be saying VAT is stripped out now.
TV's didn't go up in price straight away, no. But neither did they go down in price straight away. Most of it is absorbed. The Sony TV at £350 stayed at £350 whether VAT rose or fell.
There are quite a few things adding to the fall in inflation, so inflation will still fall over the coming 2-3 months (maybe more) but a lot of that will be due to naturals falls in the rate of price rises, regardless of VAT.
I was quite annoyed to hear even Stephanie Flanders earlier suggesting we may find we are better off now, as inflation is falling. Were not better off at all, they are still increasing at a faster rate than wage increases.0 -
Inflation falling and pay rise time coming up. Looks like we're all going to be a little bit better off in a few weeks.
Five years of falls and stagnation. I think the worst is behind us now.
Might well shut down Radio 4, they're going to be a bit short on doom and gloom.0 -
Treason!Blacklight wrote: »Might well shut down Radio 4
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The responses on here are what drive me mad on here.
OP inflation falls to 3.6, comment about the year on year figures and they start to support the discussion based on monthly figures. I thought we established last year that monthly figures are just noise.
My only desire is that people would just be honest with themselves there is a way of bringing in a monthly argument in the same thread without rubbishing facts because, some other fact supports what they got confused about in the first place. Good luck to anyone introducing month on month figures into their annual pay review. Would make for an interesting discussion. In fact I wonder how many managers have this thought in the back of their head to freeze employee's pay. Lol... Nice to put it out there thou.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 -
Good luck to anyone introducing month on month figures into their annual pay review. Would make for an interesting discussion.
Well monthly pay negotiations were quite normal in Germany in 1923, until pay rises became weekly or more frequent.
Probably a similar experience of hyper-inflation in Greece in 1944.0
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