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Inflation 2.2%
chelseablue
Posts: 3,303 Forumite
Inflation figure just released from Bank of England: 2.2%
Up from 2.1% last month
Up from 2.1% last month
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Comments
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In their dreams.
Have you tried working out your personal inflation here:
http://www.statistics.gov.uk/pic/
Over 10% for me and I don't have a mortgage or spend unnecessarily either.0 -
Right I am not clued up on these sort of things, but I find this hard to believe too!
Its now costs me almost £10 more to fill up my car with diesel, my gas bill is up by £12 a month and my electricity £15. Even my babys formula milk has gone up in price!
But its OK because base rate is down 0.25 percent so I could save a tenner on my mortgage .......0 -
"There's lies, damn lies and statistics"
If inflation really WAS only 2.2% I wouldn't be having to go back to work!They deem him their worst enemy who tells them the truth. -- Plato0 -
Even better news from Reuters UK:
'The "core" rate, which excludes oil, food, energy and tobacco, eased to 1.3 percent, the lowest rate since August 2006.'
Now what kind of use this 'core rate' is eludes me completely.0 -
That personal inflation counter never works for me.
Downloaded the SVG. Tried it in 3 different browsers.
3 friends also tried/failed.
I'm sure it could have been done easier with different technology.
Not worth faffing with if it doesn't work within 2 minutes.0 -
janetnewman wrote: »
Not work safe! *shudders*"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
I notice you quoted it .... is that so you can always enjoy a quick linkage even when his posts have been removedGuy_Montag wrote: »Not work safe! *shudders*
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Wave goodbye to any more interest rate cuts this year folks. The only way inflation is going is up from here on in. Perhaps those predictions of 7% IR's made last year weren't so far off the mark after all.0
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CPI/RPI Inflation figures are held down by including stuff like Plasma TVs and iPods... expensive electronics which constantly drop in price because all electronics drop in price.
The reason your "personal inflation" figures show a higher figure than CPI/RPI is that you arn't doing you duty by feeding the retail boom by buying 2 plasma TVs and 3 iPods.
The cost of living for "Working Class" people rose £1300 this year.
CPI/RPI is basically inflation for rich people... people with high disposable incomes to spend on imported gadgets. They spand a much smaller portion of their income on food/fuel.
Basing CPI/RPI figures this way serves to widen the wealth gap, with working class salaries pegged to CPI.
Note though, that pensions and student debt are pegged to RPI.
All it does is widen the {old rich/young poor} gap.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
Good to see that people are treating the government figures with the scepticism that they deserve. Anyone who thinks that the cost of living has only gone up by a little over 2% in the last year probably also thinks it's a great time to buy a house
Still, maybe I'm being unreasonable in expecting to put oil in my central heating fuel tank in the winter ... or using electric lights ... or eating and drinking every day.....--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0
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