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

Conrad

IronWolf wrote: »

I do take a packed lunch now, but with my turkey meat going up 25% its inflating even faster.

I need a lot of protein too, for my MMA and Muay Thai. Lean muscle mass is what you need for sparring and fights - big puffy bloater muscles are craa@p for fighting.

Before when I was just into weight training I would just stand there and do sets of curls or whatever, but now I would do the curls whilst going up and down steps, then instead of a rest I will do something like tuck jumps, then straight back to the curls, but this time off balance curls so the core is also working, then without pause jumping press-ups, etc etc.

I find this develops far better true strength and fitness compared to when I was a standard weight trainer.

An immense workout I just discovered is by the Canadian guy named Funk Roberts. You set up 5 stations and do each for 5 minutes non - stop. You rest for a minute or so between each station. Absolutely devastating workout - things like you hang onto a punchbag with legs and arms for 30 seconds.

Here's another of these 'refuse to loose' workouts - careful it's gonna kill ya;

http://www.youtube.com/watch?v=_k5SBkGyBkc&list=PL0AD4BE7F1B45E79C

Sorry for the off topic.

wotsthat

IronWolf wrote: »

I do take a packed lunch now, but with my turkey meat going up 25% its inflating even faster.

My bodies like a greek god, it needs protein not veggies.

All these ways to save money are well and good, but doesnt change the fact that inflation is high, at least for me.

..but not everybody spends 50% of their grocery money on turkey meat so your personal inflation rate will be irrelevant to 99.99% of the population.

I think you might be an outlier when the ONS are considering the typical basket.

OffGridLiving

wotsthat wrote: »

..but not everybody spends 50% of their grocery money on turkey meat so your personal inflation rate will be irrelevant to 99.99% of the population.

I think you might be an outlier when the ONS are considering the typical basket.

Perhaps buying in bulk from a Costco sort of place or farm shop would reduce the costs?

grizzly1911

I guess if you believe you are not spending so much on grocery shopping and energy that is your experience and belief.

If you don't regularly do the shopping then it would be like asking Cameron the price of a pint of milk. (62p (delivered) in Ambleside (not representative?) the last time I brought a pint in June, 95 p for two pints on a Coop yesterday).

Yes you can chop and change downgrade certain items, change your mix of food but that doesn't show inflation or grocery shopping is not increasing at a level that may or may not be higher than inflation.

The same with energy fixes, you may have fixed for 2/3 years but you may well be looking at historic prices with a underlying latent rising inflation when you next fix. It depends when you choose to pick your price points.

A lot of this will be down personla inflation which for many bears little relevance to RPI or CPI.

wotsthat

grizzly1911 wrote: »

I guess if you believe you are not spending so much on grocery shopping and energy that is your experience and belief.

If you don't regularly do the shopping then it would be like asking Cameron the price of a pint of milk. (62p (delivered) in Ambleside (not representative?) the last time I brought a pint in June, 95 p for two pints on a Coop yesterday).

Yes you can chop and change downgrade certain items, change your mix of food but that doesn't show inflation or grocery shopping is not increasing at a level that may or may not be higher than inflation.

The same with energy fixes, you may have fixed for 2/3 years but you may well be looking at historic prices with a underlying latent rising inflation when you next fix. It depends when you choose to pick your price points.

A lot of this will be down personla inflation which for many bears little relevance to RPI or CPI.

I think you are arguing that inflation is higher than stated because if say, wine, increases to £100/ bottle and people stop buying it then it's weighting will reduce and it's increase won't be accounted for. That's the whole point of the typical basket - why would we care about the price of something we no longer buy?

People used to have coal fires. As coal increased in price and gas decreased people changed how they heated their houses. The price of coal is therefore less relevant to household spending - the inflation basket was adjusted as a result.

CPI/ RPI are inflation rates that the typical person will pay. I don't argue that energy hasn't increased because I personally pay the same as 2006 but instead point out that we don't have to be typical.

Graham_Devon

wotsthat wrote: »

..but not everybody spends 50% of their grocery money on turkey meat so your personal inflation rate will be irrelevant to 99.99% of the population.

I think you might be an outlier when the ONS are considering the typical basket.

What it appears you are saying is that if you don't spend money on goods that are inflating in price, you can reduce how inflation effects you?

Which seems rather obvious. However, if, like Ironwolf, you do buy stuff to eat week in week out and don't keep racing to the bottom in order to avoid inflation, you will be hit with it.

Generali

wotsthat wrote: »

That's only since 1998 so quite a dramatic change even in that short timeframe. Is more historic data available? I'd bet that the proportion of spending on food has been on a decline for decades.

Electricity, gas & other fuels is interesting too - some fluctuations but spending has gone from 4.3% of total in 1998 to 4.8% today. Many wouldn't agree with that.

If you go back to the 50s it was more like a quarter or a third I think.

The data will be available through the ONS RPI weightings.

Generali

Graham_Devon wrote: »

What it appears you are saying is that if you don't spend money on goods that are inflating in price, you can reduce how inflation effects you?

Which seems rather obvious. However, if, like Ironwolf, you do buy stuff to eat week in week out and don't keep racing to the bottom in order to avoid inflation, you will be hit with it.

It's Econ 101 lesson 4: Elasticity of Demand. If the price of something rises people will buy less of it and substitute it with something else.

If you genuinely have no choices about spending, i.e. you live off lentil curry with rice, then you have to accept all price rises. If you get to make choices then you are able to substitute to some extent. If the price of pasta rises you eat rice or potatoes instead.

Consumers in a market economy don't passively accept price rises, they change consumption in order to get the best they can afford. That's why capitalism works so well: scarcity reduces demand and surplus increases it.

Graham_Devon

How much of the price increases are due to consumer demand?

Can't see capitalism working so well in this, considering most of the increases come from QE etc.

ukcarper

grizzly1911 wrote: »

I guess the point is that if you are were earning 10K a year back then and you haven't had apay rise you may be closer to 8K in real terms now.

Your take home pay would have increased from £8688 a year to £9617 this year an increase of 9.7%.