Real Inflation 9.5 %

neverdespairgirl

Sir_Humphrey wrote: »

Absolutely true, but anyone who does not drive will be less affected, which was my point.

We drive little, so we aren't particularly affected by direct petrol costs.

I have noticed, though, that without changing our spending habits for food in the last few months, we are paying significantly more.

neverdespairgirl

lostinrates wrote: »

I really don't know how many homes are owned mortgage free by non businesses or LA and HA.

AIUI, the UK has the 2nd highest % of the population living in social housing, after the Netherlands. About 18%.

lostinrates wrote: »

I'm a LONG LONG way from any breadline bu that doesn't mean I don't notice an increase.

Same with us - doesn't cripple us, but we do notice it.

PasturesNew

Rents in most parts of this country, unless you're in social housing, take up far too much of a household income.

After rent and basic bills, there's barely the cash for many to even eat cheap beans these days.

tradetime

Whilst the CPI says 3.3% as Sir H says, it was never meant to be a figure for people to work out what their personal inflation was.
The people who compile the CPI are aware that things are a little differnet as this breakdown shows.
http://forexfactory.com/news.php?do=news&id=92035

fc123

As I submit prices each month for the RPI (I think that's that one) I get loads of gossip from Richard, my lovely retired IFA who is now The Statistics Man (as we have called him for the past decade).

How we see it is that what is gained in one hand is lost in another. My sector has had falling prices for the past 15 years , and it's now crunch time for many as the volumes are reducing, leaving us with just the low prices.

In the past 4 weeks, Richard has lost 3 EA's, 4 pubs / bars and 1 restaurant. By that, I mean they have just shut down....he's getting annoyed at the downturn as he has to find new businesses to collect data from and many refuse......and his bosses at Whitehall 'Don't understand who difficult it is' (!).

I did my lowest margin shop at Asda today and they have got rid of a lot of smart price lines.
I had to get OH some tees for work. I bought 8 pure cotton tees for less ££ than 48 pouches of cat jelly.

I also bought 2 turq bath sheets for less than my wine bill for the week.


And sorry everyone...but we showed 4 price rises this month (£30 items are now £35 items)...couldn't do a same price comparable for him.

WTF?_2

fc123 wrote: »

As I submit prices each month for the RPI (I think that's that one) I get loads of gossip from Richard, my lovely retired IFA who is now The Statistics Man (as we have called him for the past decade).

How we see it is that what is gained in one hand is lost in another. My sector has had falling prices for the past 15 years , and it's now crunch time for many as the volumes are reducing, leaving us with just the low prices.

In the past 4 weeks, Richard has lost 3 EA's, 4 pubs / bars and 1 restaurant. By that, I mean they have just shut down....he's getting annoyed at the downturn as he has to find new businesses to collect data from and many refuse......and his bosses at Whitehall 'Don't understand who difficult it is' (!).

I did my lowest margin shop at Asda today and they have got rid of a lot of smart price lines.
I had to get OH some tees for work. I bought 8 pure cotton tees for less ££ than 48 pouches of cat jelly.

I also bought 2 turq bath sheets for less than my wine bill for the week.


And sorry everyone...but we showed 4 price rises this month (£30 items are now £35 items)...couldn't do a same price comparable for him.

Judging from the media storm I think people are finally getting the message that we are about to be hit by a tidal wave of price rises.

I love the way that the BBC are now emphasising how 'important' it is that wages don't rise. Heaven forbid that would happen :rolleyes:. But apparently they have no problem with the conditions that caused the inflation in the first place - as that's some sort of nebulous 'global problem'. Never mind that our current rapidly rising prices are the very predictable result of running years of inflationary monetary policy. Maybe they should try telling the people a bit more details about what is causing all of this instead of preaching the gospel of 'don't expect more pay'.

Of course when the inflation was manifesting itself as house price rises everyone thought it was the best thing ever. :cool:

fc123

!!!!!!? wrote: »

Judging from the media storm I think people are finally getting the message that we are about to be hit by a tidal wave of price rises.

I love the way that the BBC are now emphasising how 'important' it is that wages don't rise. Heaven forbid that would happen :rolleyes:. But apparently they have no problem with the conditions that caused the inflation in the first place - as that's some sort of nebulous 'global problem'. Never mind that our current rapidly rising prices are the very predictable result of running years of inflationary monetary policy. Maybe they should try telling the people a bit more details about what is causing all of this instead of preaching the gospel of 'don't expect more pay'.

Of course when the inflation was manifesting itself as house price rises everyone thought it was the best thing ever. :cool:

I can't keep my prices at the same level any longer. My wholesale prices have sneaked up on imported goods (prob the air freight costs) and, TBH, if a customer loves an item that costs £40 (and it isn't available elsewhere...that's the hard bit of my job) she will pay £45.

Staff in big companies or public sector positions will feel the No pay rise effect more than someone like myself who has more freedom to 'duck and dive'. .....being self employed, one is always looking for the next way to earn some decent salary.

michaels

I've seen 3 cuts in my mortgage rate recently and kids (and adults) clothes are also a lot cheaper. Also I will fairly soon need a new tv and prices for an entry lcd seem to be about half what they were 18 months ago. Broadband and mobile contracts are also much cheaper. Gas and electric prices are still a little bit down over the last 12 months so it is only really the government administered prices (council tax, water rates, tv licence, car tax) and petrol and food that are up (and I have found a sneaky 6% discount at Sainsburys for both of these).

So overall I wouldn't say inflation is currently a problem.

WTF?_2

michaels wrote: »

I've seen 3 cuts in my mortgage rate recently and kids (and adults) clothes are also a lot cheaper. Also I will fairly soon need a new tv and prices for an entry lcd seem to be about half what they were 18 months ago. Broadband and mobile contracts are also much cheaper. Gas and electric prices are still a little bit down over the last 12 months so it is only really the government administered prices (council tax, water rates, tv licence, car tax) and petrol and food that are up (and I have found a sneaky 6% discount at Sainsburys for both of these).

So overall I wouldn't say inflation is currently a problem.

You couldn't make this up. :rotfl:

Come back in 12 months and tell us how you're getting on.

PasturesNew

fc123 wrote: »

I did my lowest margin shop at Asda today and they have got rid of a lot of smart price lines.

I went out of my way to go to Asda this week, as I'd not been for months. I found myself with quite a trolley of smartprice goods. But I was in there to buy ethnic-labelled spices and fresh vegetables to try a bit more of this annoying cooking lark.

I got enough food for 2 weeks, the veggies/spices I was after, a couple of packs of naan bread mix, I also stocked up on 2 months' worth of instant coffee, bought enough wine gums, midget gems and jaffa cakes to keep me happy for days as well as getting kitchen towels, bread, a rolling pin, couple of other cooking utensils I've never needed before and some other great things I can't even remember. Had trouble finding where to put it all when I got it home. £13 the lot.

I think people seeing me shop would have felt sorry for me. Most people's trolleys still looked over-stuffed. Although I noticed a distinct shortage of those loud, annoying fat families that seem to clutter up the aisles usually. Maybe they were down Lidls getting cake/crisps cheaper or something