Cpi+0.2%>2.90/rpi+0.2%>3.3%

Mr._Pricklepants

mystic_trev wrote: »

No

Ok thanks trev

grizzly1911

michaels wrote: »

Or start Fraking in earnest and pencil in 10% pa reductions before the 240 pa increase as a reuslt of green/infrastructure/govt sponsored reduction.

I suspect the 'infrastructure upgrade' increase is a bit like the Dartford Bridge toll that was originally introduced to pay for the bridge but surprise, surprise when the bridge was paid for the tolls were not removed....

The cost of extraction is not known, the volumes are not certain.Unfortunately unlike the USA we are tied to Europe by a gas interconnector. From what I have read any gas would have to be fed into the system and then repurchased at whatever wholesale cost is applied. It may flatten out the increases but I somehow doubt it will bring real decreases.

Yep I think you are right with the bridge analogy.

wotsthat

grizzly1911 wrote: »

Methinks that additional £240 will purely be investment costs over and above actual bill costs (energy & overhead).

Take you bill increase it by 10% a year for the next 7 years and add £240.

That would suggest a doubling of bills in 7 years. Given my bill hasn't increased by 10% in any of the last seven years - why would I budget for 10% YoY increases for 7 years.

According to the telegraph article energy bills for the typical household have increased by 8% pa in the last 7 years. That's some way above inflation but I'd imagine it's also some way below what most people would guess as typical price increases.

CLAPTON

Actually inflation FELL in June

CPI fell from 126.1 in May to 125.9 in June

RPI fell from 250 in May to 249.7 in June


that means that Prices FELL


Prices usually fall round this time of year presumably due to seasonal food and fuel prices


Year on year change (annual rate of inflation) of course increased.

IronWolf

wotsthat wrote: »

Prices have fallen for essentials - potatoes, fruit, bread, cereals and dairy.

Good news for the poor.

I don't know where ONS get their info from but its a load of balls.

All of my essentials like food and energy have gone up +10% in the last year.

3% inflation my a$$

CLAPTON

IronWolf wrote: »

I don't know where ONS get their info from but its a load of balls.

All of my essentials like food and energy have gone up +10% in the last year.

3% inflation my a$$

why not quote your numbers ?

Generali

michaels wrote: »

Or start Fraking in earnest and pencil in 10% pa reductions before the 240 pa increase as a reuslt of green/infrastructure/govt sponsored reduction.

I suspect the 'infrastructure upgrade' increase is a bit like the Dartford Bridge toll that was originally introduced to pay for the bridge but surprise, surprise when the bridge was paid for the tolls were not removed....

The Sydney Harbour Bridge was completed in 1932 with a toll that was specifically hypothecated to repay the debt. On repayment of the debt the toll was supposed to be removed.

When the debt was finally repaid in the 1980s, the toll was doubled and today it costs up to $4 to cross the bridge.

As to the CPI being up 0.2%? Noise.

wotsthat

IronWolf wrote: »

I don't know where ONS get their info from but its a load of balls.

All of my essentials like food and energy have gone up +10% in the last year.

3% inflation my a$$

Unless your spending pattern has changed your perception will be at odds with reality.

CLAPTON

Generali wrote: »

The Sydney Harbour Bridge was completed in 1932 with a toll that was specifically hypothecated to repay the debt. On repayment of the debt the toll was supposed to be removed.

When the debt was finally repaid in the 1980s, the toll was doubled and today it costs up to $4 to cross the bridge.

As to the CPI being up 0.2%? Noise.

CPI fell in June

Generali

CLAPTON wrote: »

CPI fell in June

So it did, the post headline is wrong.

Still, down 0.2% is just noise too!