Cpi August Down To 1.8%

bristolleedsfan

Cpi August Down To 1.8%

dougs

yes but RPI , which is a closer indicator* of the true picture IMO, is up from 3.8% to 4.1%

* and even that is not close enough to the truth!

free4440273

any excuse to cut rates...

meester

it's hilarious, they crack me up. CPI is down because of lower mortgage exit fees.

But CPI doesn't actually include mortgage payments, which are substantially up (hence increase in RPI).

What a joke.

Moorepart

Looks like a nice bit of basket swapping was going on last month:rotfl:

fell due to a reduction in mortgage exit fees and clothing. No wonder the government were keen to outlaw the exit fees!!!!:rotfl:

Flynn_2

dougs wrote: »

yes but RPI , which is a closer indicator* of the true picture IMO, is up from 3.8% to 4.1%

* and even that is not close enough to the truth!

Surely what will be a closer indicator for one person will be different for someone else.

Not everyone has a mortgage and have savings instead. For some the only important factor will be the price of beer and fags. That's the problem with all such statistics.

Nick_C

Maybe all householders don't have mortgages, but we all pay Council Tax - which is in the RPI but not the CPI - oh, except of course for Government Ministers living in grace and favour Crown Estate properties! Would be nice if inflation was really less than 2% - then my salary would be keeping up with it!

Flynn_2

Nick_C wrote: »

Maybe not everyone has a mortgage, but we all pay Council Tax

No we don't. I'm the only one paying the Council Tax in this house and nobody else does. You must be confusing it with the poll tax.

Nick_C

Was thinking of homeowners who don't have mortgages - am well aware of the difference between "the poll tax" (community charge) and Council Tax thank you!

ds1980

think the gent was trying to say that children don't pay council tax, neither do students etc. get down off your box jesus

Nick_C

ds1980 wrote: »

think the gent was trying to say that children don't pay council tax, neither do students etc. get down off your box jesus

Students and children don't generally have independent income, and are not affected by RPI/CPI. Am simply making the point that CPI is not a fair measure of inflation for most people, as most people do have housing costs, even if its only Council Tax! Didn't expect a lecture on Local Government Taxation for expressing an opinion!