Inflation

RG2015

kaMelo said:

RG2015 said:

Linton said:

RG2015 said:

Linton said:

RG2015 said:

Does any believe that the events of this week will affect inflation?

No-one will we ever know whether this week's events, whichever ones you happen to choose, will affect inflation.  We can't compare inflation with and without.

Just accept the future is unpredictable.

I have just added a thought to my earlier post.

Yes, the future is unpredictable, but the PM and former Chancellor of the Exchequer had previously planned to announce a series of measures which may not now happen.

We will never know what effect those would have had on inflation either.

Interesting comments.

I may need to reconsider how I react to things outside of my control.

As it stands though, I am happy that the Bank of England has a very specific brief regarding inflation.

It does, yet it has failed to keep to that brief for over 10 years.

I lived through the inflation chaos of the seventies.

I would happily take any year from mid 2012 to mid 2021 (max 3.1%, briefly) over what we have now.

daz378

We are leaving   the  "just in time   globalisation  system"   as countries  become more defensive and insular....even if Ukraine   settles relatively  peacefully...probably in for a few bumpy years