Inflation down to 2.2%

Thrugelmir

Some commentators are now suggesting that deflation maybe an issue for the UK. The Eurozone certainly appears to be heading that way. With credit in contraction for over a year and an inflation rate of less than 1%. The UK hasn't faced up to its debt burden issues yet.

Freecall

Glen_Clark wrote: »

Inflation is 2.2% if you live in a Plasma Television, eat Ipods, wear Blu Ray Disc Players, and never plug them in

Oh, Plasma Televisions are so 2013............

blinko

This is a very sweet spot for the economy to hit LOW inflation and HIGH (For the UK) growth. Good times....

srcandas

blinko wrote: »

This is a very sweet spot for the economy to hit LOW inflation and HIGH (For the UK) growth. Good times....

blinko you are not playing the game. You have to predict doom and gloom and preferrably make some untrue statement to back up your argument

Seriously the employment figures continue getting better, ok slowly but going in the right direction. Another good indicator.

Next we need those wages/salaries moving. (And the gov could do it's bit by shoving personal allowances up another £1000).

ps' I think the next election could get very interesting :cool:

Glen_Clark

Thrugelmir wrote: »

Some commentators are now suggesting that deflation maybe an issue for the UK.

:rotfl:
Much of the cost of our goods is taxation to pay for public spending, like the highest military spending in Europe, the highest number of politicians in Europe, and don't even get me started on the Royal Hangers On. Then there is the higher costs caused by high property prices, high fuel prices etc etc. These costs are forever rising. How can there ever be deflation in Britain? (Non existent) deflation is just the excuse for more money printing and negative real interest rates.

Glen_Clark

blinko wrote: »

This is a very sweet spot for the economy to hit LOW inflation and HIGH (For the UK) growth. Good times....

...... according to our Marie Antoinette style of Government, yes
(don't mention the increasing debt, we'll brush that under the carpet until after the election )

CLAPTON

nilrem wrote: »

That just about sums it up correctly!
We all notice everyday things increasing in price rapidly to realise that 2.2% is a fiddle!

absolutely correct

I've just checked : a year ago I was paying 1.37 for petrol
and last week I paid 1.29

so that conclusively proves what everyone 'knows' that inflation has fallen by 5.83%

ILW

CLAPTON wrote: »

absolutely correct

I've just checked : a year ago I was paying 1.37 for petrol
and last week I paid 1.29

so that conclusively proves what everyone 'knows' that inflation has fallen by 5.83%

Surely that says we are now in deflation.

Archi_Bald

When do we all start to panic? 2.38pm tomorrow afternoon any good for everybody?

Jegersmart

Glen_Clark wrote: »

How can anyone trust a politician who devises a scheme that inflates house prices and calls it 'Help to Buy' :rotfl:

Especially when they do it with our own money^^

J