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Inflation falls to 2.4%
Comments
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Chucknorris, I didn't mean to waste yours or anyone else's time - I was just trying to inject a bit of light-hearted banter. I hope you didn't take any offence. I do stand by my point however, that if fuel is falling in price, month on month, it should have a knock on effect on prices in the wider economy.
As for my personal situation, I have 9 years left on my mortgage, so it's in my own interest for interest rates to be low until 2022, although I'd be very naive to think they'd stay at 0.5% for all, or even half of that. I'll be putting more money into savings as I get nearer to that point, so I'll be looking for greater returns myself in due course.0 -
Doesn't seem quite so obvious from your earlier post?
My point is that it may be that prices are currently increasing but it is not a given.
Because I thought I was 'helping' someone understand (I really wish I hadn't bothered now) who I thought perhaps thought that when inflation is falling then prices must (not possibly) be falling, and to keep things simple I didn't go through every possible scenario and give an over blown explanation of a simple situation. But of course you already knew that didn't you.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 stop0 -
andyroberts1967 wrote: »Chucknorris, I didn't mean to waste yours or anyone else's time - I was just trying to inject a bit of light-hearted banter. I hope you didn't take any offence. I do stand by my point however, that if fuel is falling in price, month on month, it should have a knock on effect on prices in the wider economy.
As for my personal situation, I have 9 years left on my mortgage, so it's in my own interest for interest rates to be low until 2022, although I'd be very naive to think they'd stay at 0.5% for all, or even half of that. I'll be putting more money into savings as I get nearer to that point, so I'll be looking for greater returns myself in due course.
Look it is really bleeding obvious, I made the mistake of thinking that I was trying to help you, when others were starting to take the mick, it was stupid of me on this forum to do that.
On the mortgage front I have almost 600k of tracker mortgage and at the time the BOE base rate hit 0.5% I said I would settle for 3 years. So I am over the moon that it has lasted over 4 years and still counting. If the base rate went back up to 5.5% next year I would still be happy (although we both know that it won't, the point is it's like the 1966 world cup final, the game is well and truly over).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 stop0 -
chucknorris wrote: »Because I thought I was 'helping' someone understand (I really wish I hadn't bothered now) who I thought perhaps thought that when inflation is falling then prices must (not possibly) be falling, and to keep things simple I didn't go through every possible scenario and give an over blown explanation of a simple situation. But of course you already knew that didn't you.
I wasn't criticising you I was merely making an additional observation.'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 Thatcher0 -
chucknorris wrote: »
at the time the BOE base rate hit 0.5% I said I would settle for 3 years. So I am over the moon that it has lasted over 4 years and still counting. If the base rate went back up to 5.5% next year I would still be happy (although we both know that it won't, the point is it's like the 1966 world cup final, the game is well and truly over).
What do you think (hope?) will happen going forward?
At the start I thought rates would bounce well before now. I am not so sure that will any time soon even if they do I could seem them falling back as improvement stalls."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »What do you think (hope?) will happen going forward?
At the start I thought rates would bounce well before now. I am not so sure that will any time soon even if they do I could seem them falling back as improvement stalls.
Well I think we are kicking along the bottom now and I think that the boe base rate will not get back to 5.5% for quite some time (maybe about 4-5 years), which is great for me, but that doesn't influence how I think, I live in the real world.
But as I said earlier if things pick up sooner I can't complain I have had a damn good run of low mortgage rates and also it would be nice to get out of the economic gloom. Although it actually isn't that gloomy for me personally as I am saving almost 30k in mortgage payments each year that the base rate stays at 0.5% rather than being at 5.5%. I have diverted amost of that extra saving into my pension.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 stop0 -
chucknorris wrote: »Because I thought I was 'helping' someone understand (I really wish I hadn't bothered now) who I thought perhaps thought that when inflation is falling then prices must (not possibly) be falling, and to keep things simple I didn't go through every possible scenario and give an over blown explanation of a simple situation. But of course you already knew that didn't you.
Welcome to my world my friend....welcome to my world!0 -
I would suspect a pretty large proportion of the population have had a very profitable recession.chucknorris wrote: »Well I think we are kicking along the bottom now and I think that the boe base rate will not get back to 5.5% for quite some time (maybe about 4-5 years), which is great for me, but that doesn't influence how I think, I live in the real world.
But as I said earlier if things pick up sooner I can't complain I have had a damn good run of low mortgage rates and also it would be nice to get out of the economic gloom. Although it actually isn't that gloomy for me personally as I am saving almost 30k in mortgage payments each year that the base rate stays at 0.5% rather than being at 5.5%. I have diverted amost of that extra saving into my pension.0 -
I would suspect a pretty large proportion of the population have had a very profitable recession.
I agree, because of the unusual extremely low base rate the recession has had a very varied impact on individuals, depending upon their circumstances and in particular their mortgage/loan (or lack of it) situation.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 stop0 -
I would suspect a pretty large proportion of the population have had a very profitable recession.
There is also a large proportion that have suffered on the other side of the equation."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0
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