Price hikes.

pensioner2

I have no problem searching for the facts but I wonder who benefits from producing the headlines which mislead those who don't have the time.
I still haven't been provided with a quantity definition for a HIKE..    I wonder if there is an opposite.      We could have statements like ...   A massive hike [0.5%] then later a slight sloppage [50%].  Other meaningless words are available.

Qyburn

pensioner2 said:

Other meaningless words are available.

Like "spiraling" to mean increasing, or "exponetially" to mean increasing a lot (you'll get a blank look if ask what if the exponent is negative, or zero, or 1)

GingerTim

pensioner2 said:

I have no problem searching for the facts but I wonder who benefits from producing the headlines which mislead those who don't have the time.
I still haven't been provided with a quantity definition for a HIKE..    I wonder if there is an opposite.      We could have statements like ...   A massive hike [0.5%] then later a slight sloppage [50%].  Other meaningless words are available.

Here's an authoritative definition of 'hike' (in the context of prices), with examples, from the Oxford English Dictionary. It's been standard usage for nearly a century:

2. An increase (in prices, wages, etc.).

1931: Kansas City (Missouri) Star 5 Aug. The hike was occasioned by the fact that cigarette butts..are now only a half inch.

1948: Herald-Press (St. Joseph, Mich.) 14 Aug. There is enough unfilled demand for new cars to absorb a lot more price hikes.

1966: Economist 28 May A wave of spending at the end of last year in anticipation of hikes in indirect taxes.

1968: Observer 28 Jan.  A 7.25 per cent price hike in two months.

1969: Eugene (Oregon) Register-Guard 3 Dec. Senate votes hike in tax exemptions.

markin

This was reported in the press.

https://forums.moneysavingexpert.com/discussion/6414916/latest-cornwall-insights-predictions-4th-jan-2023s 

matelodave

I've always considered that a "HIKE" is a long walk, possibly in the country with big boots and a rucksack. But raising a price is either just  a price rise or an increase.

pensioner2

Thanks,but I already knew the definitions of the word HIKE.   I would much prefer to be told the amount of increase rather than it be implied that it is much bigger than it is.    Truth and facts should not have to be searched for.

Mstty

You seem very with it and if you need to know the exact details of a "hike" I suspect you can find them out here or via Google. 

You never did get back to my reply early in this thread, but then again when people don't like a response........

ariarnia

pensioner2 said:

Thanks,but I already knew the definitions of the word HIKE.   I would much prefer to be told the amount of increase rather than it be implied that it is much bigger than it is.    Truth and facts should not have to be searched for.

how would you put 'the facts' in 10-20 words for those to busy to read the detail? 

people on standard variable dd and pre pay tarrifs will see an increase of a fraction of a percent on average. 

people on standard variable pay on receipt of bill tarrifs will see an increase of about 1% on average. 

people on e7 tarrifs will see an increase of between 7-11% on average. with some of them seeing higher actual bill increases depending on there day/night split and specific rates. 

personally i think mse did quite well with "Energy prices changed for many on Sunday 1 January – for most it's trivial, but some have been hit by more substantial hikes."

really if you dont have time to read past the headlines then how do you have time to moan about it on a forum?

EssexHebridean

There is also the aspect of the way the print media work here - characters carry a premium - and the shorter and snappier a descriptive term can be while still making it fully understandable (to all bar the most pedantic, perhaps?) the better. So given an article where the journo has written

“consumers are seeing a steep increase in energy prices” - in subbing it’s attractive to change that to
“users seeing a hike in energy costs” for example. I’ve deliberately used line breaks there to highlight the difference in length of text. To most, that means the same thing. 

billy2shots

Sorry to be that person but can this be moved to a different forum. 

This is a conversation about the meaning of a word, not about energy. 

I'm struggling to find an affordable deal not knowing whether to lock in now or risk waiting a copy more weeks. 

I've accidentally come back to this thread a few times looking for news and opinion every time someone posts a new comment.