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

prowla

Is inflation really only 3.5% (or 3.6%)?

JonnyBravo

Graham_Devon wrote: »

It's probably escaped your notice that this dunce has been calling inflaiton correctly for the last 2 years. I was also the closest on where base rates would end up, stating 1.5% in 2008.

I don't need mumsnet thanks...and this was the ignorant part.

Like you're unique?

July 2010

JonnyBravo wrote: »

Each year that passes, inflation and low rates ease the burden that little bit more. We've done 2 years of "payback" already. How many more are needed? 5?

I'll guess there will be no mass repossessions, unemployment will climb a bit more then stabilise, inflation will run circa 4% and wages will eventually reflect that. Lending will remain tight for 5 years house prices will drop nominally a little but inflation will be the real impact for them meaning in real terms they get much cheaper.

wotsthat

Graham_Devon wrote: »

It's probably escaped your notice that this dunce has been calling inflaiton correctly for the last 2 years. I was also the closest on where base rates would end up, stating 1.5% in 2008.

So in 2008 you predicted base rates of 1.5% and yet here you are sat on a non-BoE linked SVR.

Nice one.

Graham_Devon

JonnyBravo wrote: »

Like you're unique?

July 2010

Oh, you obviously need to go and read mumsnet then. Wotsthat just continually humps my leg. Bad afternoon, had a pop. Big deal.

Graham_Devon

wotsthat wrote: »

So in 2008 you predicted base rates of 1.5% and yet here you are sat on a non-BoE linked SVR.

Nice one.

Oh purlease.

It was BOE linked at the time. BOE rate +2%.

Generali

Graham_Devon wrote: »

It's probably escaped your notice that this dunce has been calling inflaiton correctly for the last 2 years. I was also the closest on where base rates would end up, stating 1.5% in 2008.

I don't need mumsnet thanks...and this was the ignorant part.

Mervyn King is a dunce? Mervyn King is probably brighter than most if not all the posters on this and most other websites I've visited. He's certainly much more intelligent than you or I.

prowla wrote: »

Is inflation really only 3.5% (or 3.6%)?

It is on average. What your personal inflation rate is depends on how you spend your money. If you spend a lot of your income on food it might be higher right now. If you spend it on healthcare or recreation then it will be lower. If you live on the streets and spend your entire income on alcohol and tobacco then your inflation rate is about 8%!

Graham_Devon

Generali wrote: »

Mervyn King is a dunce? Mervyn King is probably brighter than most if not all the posters on this and most other websites I've visited. He's certainly much more intelligent than you or I.

Sorry Generali, I really have no idea how you have come to the conclusion I was suggesting Mervyn King was a dunce. :undecided

Maybe the discussions has simply been railroaded now, so I give up.

FTBFun

Graham_Devon wrote: »

It's probably escaped your notice that this dunce has been calling inflaiton correctly for the last 2 years. I was also the closest on where base rates would end up, stating 1.5% in 2008.

I don't need mumsnet thanks...and this was the ignorant part.

Oh what so you, the financial guru, could do a better job could you?

Give me strength.

SecondLegDownIsTheBigOne

Inflation to remain above 3%

http://www.bbc.co.uk/news/business-17753235

How ... Unexpected.

Graham_Devon

FTBFun wrote: »

Oh what so you, the financial guru, could do a better job could you?

Give me strength.

Better job than who?

I was simply responding to wotsthat and his mumsnet insult.

Are you falling over yourself to find something different to what I actually stated?