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MSE News: Household bills rising faster than inflation, MSE Bills Tracker shows

Former_MSE_Megan_F
Former_MSE_Megan_F Posts: 418 Forumite
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in Budgeting & bank accounts
Household bills and expenses are rising faster than the rate of inflation, the latest MSE Bills Tracker shows...
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'Household bills rising faster than inflation, MSE Bills Tracker shows'
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Comments

  • aj23_2
    aj23_2 Posts: 1,155 Forumite
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    Because they only care about maintaining profit margins. How they can justify 7% rises every year is beyond me.
  • PaulSh
    PaulSh Posts: 21 Forumite
    The writer of the article needs to understand the differences between a quantity, the rate of change of the quantity, and the rate of change of the rate of change of the quantity. The graph clearly shows that the annual rate of increase of bills is 1.4%, but the annual rate of increase of the CPIH basket (i.e. the CPIH inflation rate) is higher at 2.2%. Therefore househould bills are rising more slowly than official measures of inflation.


    What is actually happening is that the rate of increase of household bills is increasing, but that's something different entirely.
  • One-Eye
    One-Eye Posts: 70,336 Forumite
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    edited 1 June 2018 at 11:32AM
    FAKE NEWS
    Household bills and expenses are rising faster than the rate of inflation, the latest MSE Bills Tracker shows. Naomi Schraer, Editorial Assistant

    FACT
    Household bills and expenses are rising slower than the rate of inflation, the latest MSE Bills Tracker shows.


    ETA - The news article has now been edited to remove the Fake News headline, but it still appears in Megan F's post #1


  • One-Eye
    One-Eye Posts: 70,336 Forumite
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    Somewhere soon, a workforce will be offered a 2% pay increase with justification that "this is significantly higher than the annual increase in household bills as shown by MSE".

    Maybe state pension/benefit increases should also be linked to household bills as shown by MSE.
  • eskbanker
    eskbanker Posts: 37,635 Forumite
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    aj23 wrote: »
    Because they only care about maintaining profit margins. How they can justify 7% rises every year is beyond me.
    Who's the "they" increasing prices by 7% every year?
  • aj23_2
    aj23_2 Posts: 1,155 Forumite
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    eskbanker wrote: »
    Who's the "they" increasing prices by 7% every year?

    Didn't you see the SSE article the other day on MSE.
  • eskbanker
    eskbanker Posts: 37,635 Forumite
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    aj23 wrote: »
    Didn't you see the SSE article the other day on MSE.
    No, but when responding to a generic piece about overall household bills inflation running at 1.7%, it was far from obvious that your vague comment actually related to a company not even named in the article!
  • aj23_2
    aj23_2 Posts: 1,155 Forumite
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    eskbanker wrote: »
    No, but when responding to a generic piece about overall household bills inflation running at 1.7%, it was far from obvious that your vague comment actually related to a company not even named in the article!

    Okay...:beer:
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