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Inflation Threads
ILW
Posts: 18,333 Forumite
Just looking at a couple of recent inflation threads on here, and was surprised at the amount of posters that think that because the inflation rate has dropped, that prices are falling. Would have thought they would know better.
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Just looking at a couple of recent inflation threads on here, and was surprised at the amount of posters that think that because the inflation rate has dropped, that prices are falling. Would have thought they would know better.
No, prices are actually falling at the moment.
The RPI index decreased from 239.4 to 238.0 last month.
The year on year figure is still up of course, but reducing rapidly.
Surprised at the number of posters on here who haven't figured that out yet. Would have thought they would know better....“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: »No, prices are actually falling at the moment.
The RPI index decreased from 239.4 to 238.0 last month.
The year on year figure is still up of course, but reducing rapidly.
Surprised at the number of posters on here who haven't figured that out yet. Would have thought they would know better....
man lets just stick to the YoY dude like the OP is. and reducing rapidly? :rotfl:Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?0 -
I 'umbly stand corrected. Missed to MoM bit.0
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I 'umbly stand corrected. Missed to MoM bit.
On the plus side you provided us with another opportunity to watch CBW embarrass itself.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
I'm suprised by the number of posters that look at the figures, and accept that prices are falling, without question.
Go and buy these "luxuries" at you usual outlet.....
Bread.
Milk.
Muesli.
Diesel.
Can (or 6) of lager.
A dozen eggs.
A packet of sliced, smoked ham.
etc.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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I 'umbly stand corrected. Missed to MoM bit.
You were right in the first place.
The only real reason for the monthly falls is the january sales.
Clothing and footwear saw a -4.9% change in January.
Furniture & household equipment saw a -2.2% change in January.
Those are the two largest changes. All the other are not really worth mentioning.
Now, look back at January 2011. Which areas saw the biggest monthly change? Clothing & footware at -5.9% and Furniture & household equipment at -1.9%.
January 2010 - C&F -5.7%, F&H -3.1%
What are the two most discounted january sales items? Clothing & Footwear and Furniture and Household items (curtains etc).
Now, if you have a look at March, when January Sales have ended, you'll see that often the biggest positive percentage changes are ..... yes, you guessed it, Clothing and Footwear and Furniture & household items, as prices "go back to normal".
This isn't about prices falling, as Hamish is trying to disingenously suggest. This is just the same january sales effect that happens each year. Look at what actually is "falling in price" and it's the standard january sales items. Happens every year. You'd think Hamish would know better.
Will he be back in March to tell us prices are rising? Of course he won't. He'd just state the discounts have ended.
The data is all out there, viewable here: http://www.ons.gov.uk/ons/publications/all-releases.html?newquery=*&newoffset=0&pageSize=25&definition=77-22462%3F0 -
Are the number of inflation threads going up or down? Do we have inflation or deflation?
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RenovationMan wrote: »Are the number of inflation threads going up or down? Do we have inflation or deflation?]
The number of threads are going up despite VAT falling out of the yearly figures. Martin should be told0
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