POLL: Real Inflation figures

merlinthehappypig

Mozette wrote: »

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Oh I wish!!!

Like inflation figures, pay rise figures are an average and not necessarily applicable to everyone. Here is the report.....

http://news.bbc.co.uk/1/hi/business/7171157.stm

fc123

It won't work on my PC................My dear dad was trying to explain personal inflation rates to me at xmas ....................he worked out that if we sold our house, banked he equity it would be erroded by inflation at a faster rate than the interest we would receive.His view was "the house is worth more to us as a house" ????? I didn't really understand his view.He did some sums that I didn't fully understand (but he is"an esteemed academic" !!! so I should take it on board)I wanted to ask on here about it but haven't quite got my head around it yet....also my paragraphing isn't working tonight?????? sorry this seems to ramble.

beingjdc

fc123 wrote: »

It won't work on my PC................My dear dad was trying to explain personal inflation rates to me at xmas ....................he worked out that if we sold our house, banked he equity it would be erroded by inflation at a faster rate than the interest we would receive.His view was "the house is worth more to us as a house" ????? I didn't really understand his view.

Well, if you wanted to spend it all on food or electricity, he's definitely right. If you want to spend it on a future house, however (which seems likely) then CPI and RPI aren't a very useful metric...

fc123

beingjdc wrote: »

Well, if you wanted to spend it all on food or electricity, he's definitely right. If you want to spend it on a future house, however (which seems likely) then CPI and RPI aren't a very useful metric...

MMMM that's what I think...the problem is he's often right on financial things but his ideas seem wrong at the time. He's always flogged his shares at just the right time etc etc..............................But NR has scuppered all our carefully , laid out plans and time schedules.................and I am mighty !!!!!! off with it all...............all those high flying city boys mucking up my simple ordinary life!!

hgllgh

Food, energy, and travel costs have gone through the roof!
At the petrol pump recently and noticed that the £'s were clocking up much quicker than the litres!! I was paying £1.13 per litre. I think other goods such as clothes and electronics are roughly flat, but the three above have feels more like 10% inflation to me.

pinkshoes

It won't work on my computer, but I'd put inflation at about 8%.

Anyone with a student loan that was told the interest rate would be "inflation", and given that the rate is now 4.8%, then the government can hardly claim inflation is any lower than that!!

It's petrol, gas, elec, food, council tax and public transport costs that hurt the most!

I should hear about my "inflation" pay rise soon, but I'm guessing it'll be around the 3% mark... no way near enough to cover increases in the basics!

BohemiaRoad

We don't have credit, but I ust did a calculation on household expenditure - it's not in line with the RPI shopping basket - but it IS real to me, and reflects a 'cost of living' increase.

Season ticket - Up 9% (£326 a year more)
Station parking - Up 33% (£240 a year more)
Petrol - Up 10% (£300 a year more)
Utilities - Up 23% (£204 a year more)
Council Tax - Up 8% (£90 a year more)
Rent - Up 11% (£1056 a year more)
Income Tax - Up 2% (£1100 a year more)
Food - Up 14% (£714 a year more)

Not to mention car tax, tobacco tax, alcohol tax

Salary increase?

2.7% before tax - and nowhere NEAR to covering the £4000 extra cost of living experienced in the last 12 months.

:eek: