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CPI is 2%.
Comments
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Loughton_Monkey wrote: »I assume you are referring to my new BMW?
No, that won't cause any major inflation in my motoring expenses. Fuel? Far lower. My Jag is Petrol. The BMW is diesel. Road Tax lower. Insurance? Probably a bit higher. Servicing? Goes down to zero for the next 5 years (included in price). Recovery Insurance? Same thing. Unexpected repairs? Can't happen as under warranty.
Or are you thinking of Capital expenditure? Personally I don't do it that way. Paid cash for the Jag 8 years ago. Since then, I "charge myself" depreciation on an inflation-increasing amount with interest on the 'fund'. This monthly depreciation 'cost' will continue at inflation and so the new car is costing me "nothing". Just a transfer from a 'fund' that I never count as 'assets' into a depreciating asset that I also never count as an 'asset'.
BTW. Much talk of deflation etc.... Seems this is a fantastic time to get a BMW. Perceived wisdom is a negotiable 9% (or so) max on OTR prices. Pure rubbish. I got well over 20%. Back to being cheaper than a Jag, and (in my opinion) a much better car. It's actually a permanently connected GPS phone on wheels.
Pssst... wanna buy a used car?
Stop boasting of your wealth Essex man! Nobody needs a 'Jag' or a BMW, only posers. I bought a Toyota Auris Hybrid and I'm delighted with it - diesel levels of economy but using petrol.0 -
CPI is complete rubbish. It is being kept artifically low because of a few things like council tax and petrol not going up over the past year; unfortunately the things which are going up are the ones that matter most to ordinary people, e.g. food and public transport. CPI should be scrapped as a measure of inflation and replaced by RPIX.
just so others know:
council tax isn't included in CPI
and I would suggest that the price of petrol does matter to 99.99% of the population as virtually everything is affected by transportation costs0 -
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I'm trying to say that CPI is not giving a correct measure of inflation because it is overrepresenting some items and underrepresenting others in the overall basket. Just my opinion.
it gives a single figure that clearly does not represent the inflation experience of all 64 million people in the UK
it might over estimate and then again it might underestimate
presumably you have detailed figures of your own rate of inflation that say the CPI is too low?0 -
Stop boasting of your wealth Essex man! Nobody needs a 'Jag' or a BMW, only posers. I bought a Toyota Auris Hybrid and I'm delighted with it - diesel levels of economy but using petrol.
Good economy on the Auris, yes, but that's about it.
Cheap plastic interior, noisy CVT transmission, poor acceleration...
If you need to pinch the pennies, the Auris is probably a good choice, hope you enjoy it.
Don't blame me, I voted Remain.0 -
Stop boasting of your wealth Essex man! Nobody needs a 'Jag' or a BMW, only posers. I bought a Toyota Auris Hybrid and I'm delighted with it - diesel levels of economy but using petrol.
Ha! Surely if I were a poser, then I would have bought a Ferrari or Veyron or something. To be honest I was thinking about a Lamborghini Aventador but am waiting for the 4-door automatic version.
When you get old, I am sure you will appreciate the over-riding "need" for style and comfort - especially when half your life you have been forced to drive beaten-up minis, Vauxhall Vivas, Ford Escort Populars, and Morris Marinas. I have long since forgotten how to change gear, put lights on, put a handbrake on, or turn on the windscreen wipers when it rains. I "need" a car that does all this for me.
This is less to do with wealth. More to do with managing what mediochre wealth has been passed one's way as a result of working hard and smart. Good luck with your new genetically modified vehicle!0
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