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CPI Falls to 0.5%

StevieJ
StevieJ Posts: 20,174 Forumite
Part of the Furniture 10,000 Posts Combo Breaker
in Debate House Prices & the Economy
Letter due from the Governor.

CPI 0.5%
RPI 1.6%
http://www.bbc.co.uk/news/business-30794673
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
«1345

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Letter due from the Governor.

    CPI 0.5%
    RPI 1.6%
    http://www.bbc.co.uk/news/business-30794673

    Dear Oz,

    Sorry the price of oil is falling.

    Luv,

    All at the MPC
    xoxoxxo
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Over on the forum HPC.co.uk they are predicting this fall in inflation will lead to the rise in interest rates they crave for.
  • Jason74
    Jason74 Posts: 650 Forumite
    ruggedtoast wrote: »
    Over on the forum HPC.co.uk they are predicting this fall in inflation will lead to the rise in interest rates they crave for.

    How on earth does that work ?. Surely falling inflation puts downwards pressure on interest rates rather than upwards, or perhaps I'm missing something . . . . . . . . .

    Oh yes, I am missing something. I'm missing the fact that HPC is at least in large part populated by lunatics.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    oh well, I can't say the cost of living (as measured by CPI) has reached an all time high as that occurred in Oct so we are enjoying as actual fall in the cost of living
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Jason74 wrote: »
    How on earth does that work ?. Surely falling inflation puts downwards pressure on interest rates rather than upwards, or perhaps I'm missing something . . . . . . . . .

    Oh yes, I am missing something. I'm missing the fact that HPC is at least in large part populated by lunatics.

    Its a very special place.
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I thought we were trying to inflate away all the debt? Oh dear, what's plan B?
  • purch
    purch Posts: 9,865 Forumite
    The accuracy of the Schiffters predictions are getting better by the day :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    edited 13 January 2015 at 1:26PM
    Jason74 wrote: »
    Oh yes, I am missing something. I'm missing the fact that HPC is at least in large part populated by lunatics.

    They all seem to be working on jobs that haven't had pay rises since 2007, might explain a lot.

    Jon Davpis seems to have become fully illiterate as well, no idea what's he's trying to say.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'm sure the same people that were relentlessly posting on here that monetary policy needed to tighten when CPI was above 2%, will now be equally relentless in their calls for monetary policy to loosen now that CPI is below 2%.....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • padington
    padington Posts: 3,121 Forumite
    edited 13 January 2015 at 3:32PM
    One product is offering 2.99% for 10 years, that's a big vote towards interests rates staying down for a very long time.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
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