NS&I 5 year index linked saving certs 2011 issue - half way point!

typistretired

Just been on their website and their calculations for 14th August 2014 are less than July 2014 hope this is just a glitch.

talexuser

typistretired wrote: »

Just been on their website and their calculations for 14th August 2014 are less than July 2014 hope this is just a glitch.

Same with my figures too, gone down this month, maybe yet another glitch? I'm losing confidence in this bunch.

masonic

talexuser wrote: »

Same with my figures too, gone down this month, maybe yet another glitch? I'm losing confidence in this bunch.

The RPI went down from 256.3 to 256.0, so a small decrease in value should be expected.

talexuser

masonic wrote: »

The RPI went down from 256.3 to 256.0, so a small decrease in value should be expected.

Thanks for that. I just assumed that with positive inflation (as opposed to deflation), month by month should go up, just less increase if inflation falls back. Obviously this is not the case? Now I can't say that I've monitored the total every month but can't remember it ever being less than before, except during the period they admitted the calculator was wrong.

gadgetmind

It's all down to yer baskets, you see.

HMG's basket is full of mobile 'phones, gold sovereigns, and gym membership. When these get cheaper, there is money left over for caviare.

Those of us with baskets full of spuds and carrots might see higher inflation and not have anything left over for heating.

Inflation figures seem to decreasingly represent reality and increasingly be open to manipulation.

Thrugelmir

gadgetmind wrote: »

Those of us with baskets full of spuds and carrots might see higher inflation

High street grocery prices have fallen for 16 consecutive months.

Look elsewhere.

Rollinghome

talexuser wrote: »

Thanks for that. I just assumed that with positive inflation (as opposed to deflation), month by month should go up, just less increase if inflation falls back. Obviously this is not the case? Now I can't say that I've monitored the total every month but can't remember it ever being less than before, except during the period they admitted the calculator was wrong.

Only other time I can spot it going down in the last couple of years was for June 2013 when the RPI index fell from 250 to 249.7 - even though there was a jump in the year-on-year rate from 3.10% to 3.30%. I expect the nice people at NS&I know what they're doing (mostly).

masonic

talexuser wrote: »

Thanks for that. I just assumed that with positive inflation (as opposed to deflation), month by month should go up, just less increase if inflation falls back. Obviously this is not the case? Now I can't say that I've monitored the total every month but can't remember it ever being less than before, except during the period they admitted the calculator was wrong.

Remember not to confuse the "percentage change over 12 month" figure that is quoted to smooth out the figure. This is still positive relative to the same time last year, but it is the value of the index itself that is used in the calculation and this does go up and down month by month, often in regular patterns.

The dip in the July figure (reported in August) happens most years and is usually accompanied by a stronger rise the next month. Perhaps this is the effect of end of season sales in the shops? There is also normally a dip in January's figure relative to December's (I wonder why that could be ).

Edit: There is a nice table of RPI figures here.

gadgetmind

Thrugelmir wrote: »

High street grocery prices have fallen for 16 consecutive months.

Mainly due to cut-throat competition, and market prices (I mainly buy veg from markets) have been generally rising. (However, carrots and caulis are priced very seasonally, so I wasn't being totally serious.)

veryintrigued

My 'fund' looks as if its up 0.42% month on month after the release of the index figures today