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Inflation falls to 2.4%

Graham_Devon
Graham_Devon Posts: 58,560 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in Debate House Prices & the Economy
"Lower" petrol prices and air fares the main reason for the fall.

Food continues to increase in price.

RPI is down to 2.9%.

http://www.bbc.co.uk/news/business-22605884
«13456789

Comments

  • andyroberts1967
    andyroberts1967 Posts: 362 Forumite
    Very good news, it's good to know that things are getting cheaper. If fuel prices are dropping, this has an impact on many other products which are transported, so this can only be welcomed!
  • ILW
    ILW Posts: 18,333 Forumite
    andyroberts1967 wrote: »
    Very good news, it's good to know that things are getting cheaper. If fuel prices are dropping, this has an impact on many other products which are transported, so this can only be welcomed!

    Oh Dear...
  • dryhat
    dryhat Posts: 1,305 Forumite
    Inflation is currently at about 8%
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    so prices have reached a new all time high this month
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    andyroberts1967 wrote: »
    Very good news, it's good to know that things are getting cheaper. If fuel prices are dropping, this has an impact on many other products which are transported, so this can only be welcomed!

    They aren't getting cheaper, the rate at which they are increasing is falling (ie they are still going up in price, but at a rate less than they were previously).
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • andyroberts1967
    andyroberts1967 Posts: 362 Forumite
    chucknorris wrote: »
    They aren't getting cheaper, the rate at which they are increasing is falling (ie they are still going up in price, but at a rate less than they were previously).
    I did know this, I put that for a laugh - somebody always takes the bait. However, there is a serious point to this, it can only be a good thing if inflation is slowing, as it will ease any (non-existent) pressure on the BoE to raise interest rates.
    The only pity is that food is going up still, that obviously affects the poor disproportionately. Let's hope that the farmers have a good year this year.
  • ILW
    ILW Posts: 18,333 Forumite
    Quite a lot of people would benefit from lower inflation and higher IRs. These are mainly older people who tend to vote.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    ILW wrote: »
    Quite a lot of people would benefit from lower inflation and higher IRs. These are mainly older people who tend to vote.


    probably andy didn't actually mean what he wrote; was just having a laugh
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 21 May 2013 at 11:21AM
    andyroberts1967 wrote: »
    I did know this, I put that for a laugh - somebody always takes the bait. .

    I was actually trying to be polite to you! After the 'oh dear' comment by someone else. I can now see that I wasted my time though.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Mr._Pricklepants
    Mr._Pricklepants Posts: 1,311 Forumite
    dryhat wrote: »
    Inflation is currently at about 8%

    Do you mean the figures are fiddled? Or the basket of goods is unrepresentative? Can you elaborate?
This discussion has been closed.
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