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One benefit of High Inflation?
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Thanks, that's where I looked, but could only find 11.8% for June & 12.3% for July - RPI, All Items.gefnew said:Try this for more info and downloads.
Inflation and price indices - Office for National Statistics (ons.gov.uk)
I'm interested in this is as the contracts we have with our customer(s) allow for RPI linked rate increases. Who'd have thought 3 years ago that this would be a significant inclusion
ETA - found it, it's this series (excluding housing) - https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/czbi - 14.4% for July 2022 !Central Beds, 2.02kWp (9 x 225W) south facing with some morning shade, installed 2011 (£7.16/Wp). Tigo monitoring/optimisers on all panels, Growatt MIC 2000 TL-X Inverter and Solar iBoost installed 2022. (4 x 415W + 6 x 405W garden experiment connected to SunSynk 3.6 hybrid inverter & 2 x 5.3kWh SynSynk batteries) (4 x 405W panels queued to go somewhere)1 -
I have seen the 11.8% June figure used for an RPI linked increase. How does that differ from the 13. something linked to by
Chris_Type_R said:
ETA - found it, it's this series (excluding housing) - https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/czbi - 14.4% for July 2022 !
4.3kW PV, 3.6kW inverter. Octopus Agile import, gas Tracker. Zoe. Ripple x 3. Cheshire0 -
Funny how RPI is still used for so many things but is no longer an official statistic and as you've found, very difficult to find the numbers each month whereas CPI is headline news.70sbudgie said:I have seen the 11.8% June figure used for an RPI linked increase. How does that differ from the 13. something linked to byRemember the saying: if it looks too good to be true it almost certainly is.0 -
Ah, did @Chris_Type_R link to the CPI? I knew there were two figures and that RPI was the lower. I'd not twigged that was what had been linked to.4.3kW PV, 3.6kW inverter. Octopus Agile import, gas Tracker. Zoe. Ripple x 3. Cheshire0
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No, I linked to 'RPI excluding housing' - which seems to be the basis for the screenshot on the previous page. The standard RPI is lower at 11.8% &12.3% for Jun & Jul respectively. RPI tends to be higher than CPI which is why we make use of it within our contracts.70sbudgie said:Ah, did @Chris_Type_R link to the CPI? I knew there were two figures and that RPI was the lower. I'd not twigged that was what had been linked to.
There's more here about why and when the government use RPI rather than CPI - https://www.theweek.co.uk/87811/rpi-vs-cpi-inflation-are-commuters-paying-the-price - we're rather fortunate to have FIT increases tied to RPI.Central Beds, 2.02kWp (9 x 225W) south facing with some morning shade, installed 2011 (£7.16/Wp). Tigo monitoring/optimisers on all panels, Growatt MIC 2000 TL-X Inverter and Solar iBoost installed 2022. (4 x 415W + 6 x 405W garden experiment connected to SunSynk 3.6 hybrid inverter & 2 x 5.3kWh SynSynk batteries) (4 x 405W panels queued to go somewhere)1 -
Thank you for that link @Chris_Type_R 😀4.3kW PV, 3.6kW inverter. Octopus Agile import, gas Tracker. Zoe. Ripple x 3. Cheshire0
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Looks like a 4.9% increase this year.
Central Beds, 2.02kWp (9 x 225W) south facing with some morning shade, installed 2011 (£7.16/Wp). Tigo monitoring/optimisers on all panels, Growatt MIC 2000 TL-X Inverter and Solar iBoost installed 2022. (4 x 415W + 6 x 405W garden experiment connected to SunSynk 3.6 hybrid inverter & 2 x 5.3kWh SynSynk batteries) (4 x 405W panels queued to go somewhere)0 -
5.2% for 2024.Chris_Type_R said:Looks like a 4.9% increase this year.
The tables are here...
https://www.ofgem.gov.uk/publications/feed-tariff-fit-tariff-table-1-april-2024
4kWp (black/black) - Sofar Inverter - SSE(141°) - 30° pitch - North LincsInstalled June 2013 - PVGIS = 3400Sofar ME3000SP Inverter & 5 x Pylontech US2000B Plus & 3 x US2000C Batteries - 19.2kWh1 -
It's based on December RPI, reported in Mid Jan each yearChris_Type_R said:Looks like a 4.9% increase this year.Remember the saying: if it looks too good to be true it almost certainly is.1 -
Cool, thanks.jimjames said:
It's based on December RPI, reported in Mid Jan each yearChris_Type_R said:Looks like a 4.9% increase this year.Central Beds, 2.02kWp (9 x 225W) south facing with some morning shade, installed 2011 (£7.16/Wp). Tigo monitoring/optimisers on all panels, Growatt MIC 2000 TL-X Inverter and Solar iBoost installed 2022. (4 x 415W + 6 x 405W garden experiment connected to SunSynk 3.6 hybrid inverter & 2 x 5.3kWh SynSynk batteries) (4 x 405W panels queued to go somewhere)1
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