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What is the real level of inflation for many?
grizzly1911
Posts: 9,965 Forumite
"Grocery and restaurant bills are set to rise as food inflation hits 3.8% before the end of the year, according to new research.
That figure, from food service specialist Prestige Purchasing, means food costs are rising faster than other prices.
Consumer price inflation is currently 1.9%, below the Bank of England's 2% target."
http://uk.finance.yahoo.com/news/supermarket-restaurant-bills-set-soar-232217873.html
DSLR cameras have replaced compact digital cameras (little room to fall?) in the CPI list, I believe, so at least we should see some downward pressure from those.
That figure, from food service specialist Prestige Purchasing, means food costs are rising faster than other prices.
Consumer price inflation is currently 1.9%, below the Bank of England's 2% target."
http://uk.finance.yahoo.com/news/supermarket-restaurant-bills-set-soar-232217873.html
DSLR cameras have replaced compact digital cameras (little room to fall?) in the CPI list, I believe, so at least we should see some downward pressure from those.
"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
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Here is the CPI (and RPI) basket for 2014. Compact cameras are still in CPI you will be pleased to know.
http://www.ons.gov.uk/ons/guide-method/user-guidance/prices/cpi-and-rpi/cpi-and-rpi-basket-of-goods-and-services/consumer-price-inflation-basket-of-goods-and-services-2014.pdf0 -
chewmylegoff wrote: »Here is the CPI (and RPI) basket for 2014. Compact cameras are still in CPI you will be pleased to know.
http://www.ons.gov.uk/ons/guide-method/user-guidance/prices/cpi-and-rpi/cpi-and-rpi-basket-of-goods-and-services/consumer-price-inflation-basket-of-goods-and-services-2014.pdf
That means CPI won't fall as much. We won't be so well off
"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
apparently no-one actually buys things like flat screen TVs or digital camaras or mobile phones or ipads etc they only buy things that have increased in price since 12 months ago
I find this puzzling because everyone I know seem to own these electronic goods
anyway February's figures are due out today but in January you will all be pleased to note that both CPI and RPI fell in value
curiously no-one noticed but I guess we were all too busy celebrating house price rises.EU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
grizzly1911 wrote: »What is the real level of inflation for many?
Why do I get the feeling that you think the answer isn't 1.9%?
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grizzly1911 wrote: »What is the real level of inflation for many?
I'm going for somewhere between minus 2% to plus 17%'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
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I'm going for somewhere between minus 2% to plus 17%
I'm now going for 1.7%.:)
https://forums.moneysavingexpert.com/discussion/comment/65069143#Comment_650691430 -
apparently no-one actually buys things like flat screen TVs or digital camaras or mobile phones or ipads etc they only buy things that have increased in price since 12 months ago
I find this puzzling because everyone I know seem to own these electronic goods
All those discretionary things.
Has "i" anything fallen in price hadn't noticed heavy discounting on anything Apple.
Curious how things you really need in life only tend to go one direction in the main."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »All those discretionary things.
Has "i" anything fallen in price hadn't noticed heavy discounting on anything Apple.
Curious how things you really need in life only tend to go one direction in the main.
Because we are so rich, most of our spending is discretionary which is why people choose to spend so much on housing.
Unlike most other products that are provided by evil companies that response to more demand by increasing supply, the availability of land with planning permission is controlled by a benevolent government who ensure supply is artificially limited.
As I endless relate, under labour the Daily Telegraph created their own 'essentials' cost of living index as labour were obviously manipulating the official figures.
For a while their index did the 'right' thing by increasing faster that the labour manipulated one.
However after a year or so they had to abandon it when it stubbornly fell below labour's.
Why not create a thread with an 'essentials' cost of living index and you could update it each month and show that it is always higher than CPI & RPI (which fell in January)EU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
The grizzly/shortchanged CPI index always remains several percentage points above the official CPI index. It's one of those facts of life.Don't blame me, I voted Remain.0
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