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Debate House Prices


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Inflation rises to 3.5% (or falls to 3.6% for the rose tintacle brigade!)

Graham_Devon
Graham_Devon Posts: 58,560 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
edited 17 April 2012 at 9:05AM in Debate House Prices & the Economy
Tsk! One off factors, or something.
Inflation in the UK rose slightly on the Consumer Prices Index (CPI) measure in March.

CPI inflation rose to 3.5% in March from 3.4% in February, according to the Office for National Statistics (ONS).

Retail Prices Index (RPI) inflation fell slightly to 3.6% from 3.7%.
The good news is, however, if you strip out Fuel & Food, inflation is falling, so it's ok.
«1345678

Comments

  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    However you would expect upward pressure on the RPI over the coming months once the recent increase in SVR's kick in unless there is a fall in property prices to offset it.
    Why are we here?......................because we are not all there.
  • RUN_RABBIT_RUN
    RUN_RABBIT_RUN Posts: 426 Forumite
    i would have put money on you being the one to start a thread about this topic

    having said that, i would say that the situation with inflation is now becoming farcical and that something needs to happen, whether it be an interest rate rise or whatever, to try and deal with it.
    'Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.'
    GALATIANS 6: 7 (KJV)
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Where are the CPI-Y fanatics hiding?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Strange, I would have headed the thread, 'inflation falls to 3.6%' ;)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    StevieJ wrote: »
    Strange, I would have headed the thread, 'inflation falls to 3.6%' ;)

    Of course you would. I'll edit it for you! :D
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    Graham_Devon wrote: »
    The good news is, however, if you strip out Fuel & Food, inflation is falling, so it's ok.

    That is good news because very few of us use/need food and cars.
    Why are we here?......................because we are not all there.
  • CRASH_BANG_WALLOP
    CRASH_BANG_WALLOP Posts: 661 Forumite
    that dude Posen is running out of time
    Maidstone Prices - average reductions at 8.5% (£19,668) Feb 2012 - We thought the dudes were not allowed to drop prices?
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    shortchanged wrote: »
    That is good news because very few of us use/need food and cars.

    Well I was wrong anyway.

    It's food and clothes that are the culprit, so we can ignore them instead. Apparently fuel is falling when it comes to inflation, just we are breaking records each week for fuel prices :D

    Worth pointing out on a serious note however, that core inflation also rose by one percentage point, taking economists by surprise. Apparently that's worse.
  • andyroberts1967
    andyroberts1967 Posts: 362 Forumite
    What's core inflation? is it a mixture of RPI and CPI?
    It's very confusing with all these indicators. I know that RPI includes housing costs and CPI doesn't, which I guess explains why the two indicators are always very close together.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 17 April 2012 at 9:36AM
    andyroberts1967 wrote: »
    What's core inflation? is it a mixture of RPI and CPI?
    It's very confusing with all these indicators. I know that RPI includes housing costs and CPI doesn't, which I guess explains why the two indicators are always very close together.

    Core inflation removed volitile price items. Such as food, alcohol, tobacco, energy etc

    So basically measures price consistent items which don't jump around as much. However, it also means very little to your average Joe who is effected by those very prices.

    Thankfully, economists have now suggested this increase is just a blip.Another blip, but just a blip.
This discussion has been closed.
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