RPI today - any predictions?

Fella

Since I guess more than a few here have a vested interest.

With food inflation at approx 5% in a MONTH you'd expect it to jump up, although the ONS will probably say that it's fallen because the price of tickets to see Robbie Williams isn't as high as when he was popular.

purch

My prediction is that as usual it won't be anywhere near as high as the 'real' figure should be.

My local Tesco just put up the price of fuel by 3p a litre overnight :eek:

Biggles

I know there's a lot of talk about food price inflation (though I've seen no evidence of the level they suggest) but house prices come into the formula as well.

I don't know how house prices are factored in, but could it be the recent decline will offset food price rises?

rebeccaj

purch wrote: »

My local Tesco just put up the price of fuel by 3p a litre overnight :eek:

ouch!! :eek:

Hungerdunger

purch wrote: »

My prediction is that as usual it won't be anywhere near as high as the 'real' figure should be.
My local Tesco just put up the price of fuel by 3p a litre overnight :eek:

Interestingly, according to this report, "petrol actually had a deflationary effect in today’s figures because prices rose at a quicker rate a year ago."

nicko33

well,
from 31/3/2006 - 01/04/2007 unleaded went from 91.9 to 88.9 by me (-2.2%) peaking at 98.9 in July 07
and by 04/05/2007 it was 92.9 (+3.4% in 04/2007)

in 08 I've changed to diesel, so don't have comparitive figures.
My diesel has gone from 98.9 in Nov 07 to 122.9 in May 08
+24.3% in 6 months (= 49% per annum)

I last bought unleaded in Oct 07 at 95.9 and I think it's 116.9 now (+21.9%)

edit:
time to get that Shell credit card that gives 3% of fuel purchases
(after the Capital One 4% cashback till 1/08/2008)