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Debate House Prices


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Inflation falls to 1.9%

MFW_ASAP
MFW_ASAP Posts: 1,458 Forumite
in Debate House Prices & the Economy
http://www.bbc.co.uk/news/business-26239631

"The rate fell below the Bank of England's 2% target for the first time in more than four years.

The fall is likely to underline the Bank of England's message that there
is no rush to raise interest rates."
«13

Comments

  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    It appears that Carney has manged to do in a few months what King failed to do in 5 years. Should Mervyn King be forced to forego his pension?
  • Carl31
    Carl31 Posts: 2,616 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Apart from Petrol, whats dropped? Everything else appears to be fairly static in terms of prices

    Except house prices, conveniently omitted from this figure of course
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    Carl31 wrote: »
    Apart from Petrol, whats dropped?

    Why does anything need to drop? We still have inflation.
    Don't blame me, I voted Remain.
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    Carl31 wrote: »
    Apart from Petrol, whats dropped? Everything else appears to be fairly static in terms of prices

    Except house prices, conveniently omitted from this figure of course
    Why would anything have dropped?
    We had 1.9% inflation.
  • MFW_ASAP
    MFW_ASAP Posts: 1,458 Forumite
    Carl31 wrote: »
    Apart from Petrol, whats dropped? Everything else appears to be fairly static in terms of prices

    Except house prices, conveniently omitted from this figure of course

    from the article:

    "The lower inflation was in large part due to a fall in the cost of recreational and cultural activities, including falling DVD prices and lower entrance fees to attractions.

    Discounts on furniture and household goods, and also lower alcohol and tobacco prices, also had an impact, the ONS said."
  • danothy
    danothy Posts: 2,200 Forumite
    Part of the Furniture Combo Breaker
    Bantex wrote: »
    It appears that Carney has manged to do in a few months what King failed to do in 5 years. Should Mervyn King be forced to forego his pension?

    Only if it's standard practice to deprive one person of something because of someone else's actions.
    If you think of it as 'us' verses 'them', then it's probably your side that are the villains.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I costed up an entire refurbishment about 8 months ago. I have just started carrying this out and all of the goods I had selected are now cheaper.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Bantex wrote: »
    It appears that Carney has manged to do in a few months what King failed to do in 5 years. Should Mervyn King be forced to forego his pension?

    Europe is struggling............ deflation rather inflation is impacting the UK.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    edited 18 February 2014 at 6:28PM
    well the CPI and RPI fell in January compared to Dec so the actual cost of living fell


    year on year (i.e. the rate) it rose reflecting the fact that the cost of living usually falls in January

    don't spend all that extra money too quickly!
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    CLAPTON wrote: »
    well the CPI and RPI fell in January compared to Dec so the actual cost fell of living fell

    CPI fell.

    RPI though, rose, from 2.7% to 2.8%.
This discussion has been closed.
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