Inflation down .....

MrRee_2

More good news, not good for the doom mongers on here :beer:
Rejoice!!

http://www.bbc.co.uk/news/business-24124705

TruckerT

MrRee wrote: »

More good news, not good for the doom mongers on here :beer:
Rejoice!!

http://www.bbc.co.uk/news/business-24124705

Inflation down, house prices up. Why don't house prices/rentals figure in the inflation figures?

TruckerT

MrRee_2

All the ducks are getting in line ....... confidence, retail growth, service growth, house price growth, low inflation, low interest rates, employment up, unemployment down.

It really is a set of impressive news headlines - not much for the miserable on here to grab onto now

Rejoice!

CLAPTON

good news indeed

every pound you had a year ago is now worth 2.7% less
if we sustain this for 10 years then every £1000 you have today will be worth £780

TruckerT

CLAPTON wrote: »

good news indeed

every pound you had a year ago is now worth 2.7% less
if we sustain this for 10 years then every £1000 you have today will be worth £780

Yes, but that's OK because the property owners amongst us will have experienced an increase in the value of the family home.

TruckerT

chewmylegoff

CLAPTON wrote: »

good news indeed

every pound you had a year ago is now worth 2.7% less
if we sustain this for 10 years then every £1000 you have today will be worth £780

We don't all keep our money in shoeboxes under the bed.

Fella

UK inflation measured by the consumer prices index (CPI) fell to 2.7% in the year to August, from 2.8% in July.


Inflation as measured by the retail prices index (RPI) rose to 3.3% in August from 3.1% in July.


So actually inflation up, not down. Don't let the facts get in the way of a moronic post though.

chewmylegoff

The ONS says RPI down from 3.3% to 3.1%.

MrRee_2

CLAPTON wrote: »

good news indeed

every pound you had a year ago is now worth 2.7% less
if we sustain this for 10 years then every £1000 you have today will be worth £780

That's if the £1,000 is kept under your mattress ....... if, like most wise investors it's in BTL and generating a 8% yield then it's GREAT!! :beer:
Of course, the £1,000 invested in ones home and the BTL's has now risen to maybe £1,300!

Let the good times roll ...... :T

Of course, there are those here from HPC who are utterly disillusioned ... their gamble has failed terribly, what a shame.

grizzly1911

chewmylegoff wrote: »

The ONS says RPI down from 3.3% to 3.1%.

?


The Retail Prices Index (not a National Statistic) grew by 3.3% in the year to August, up from 3.1% in July.

http://www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/august-2013/consumer-price-inflation-summary--august-2013.html




I guess the trend is unimportant?

chewmylegoff

grizzly1911 wrote: »

?


The Retail Prices Index (not a National Statistic) grew by 3.3% in the year to August, up from 3.1% in July.

http://www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/august-2013/consumer-price-inflation-summary--august-2013.html




I guess the trend is unimportant?

I was having a bit of a spaz attack, looking at the August release (which contains the July figures) by mistake.