Tuesday, Sep 18, 2007
The RPI inflation measure - which includes mortgage interest repayments - rose to 4.1% from 3.8%.
BBC News: UK inflation rate eases to 1.8%
Maybe we should be monitoring the gap between RPI and CPI? That appears to be the real measure at the moment.
Posted by planning4acrash @ 10:50 AM (350 views) Add Comment
8 Comments
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1. whiteknight said...
people need to stop looking at this laughable inflation assessment - effective immediately.
A couple more months and references to inflation falling in basic contradiction to peoples real experiences and even very slow people will dismiss the figure out of hand.
2. dohousescrashinthewoods said...
This looks utterly shameful. We are ruled by a shambolic band of vagabonds, chavs, liars and incestuous aristocrats.
How on earth can they show their faces with such figures?
Is there a petition on the the No 10 website yet?
3. Melanie said...
Milk has gone up from £1.15 for 4 pints to £1.34 in the big supermarkets.
The bread we buy has gone from £1.04 to £1.18 in the last couple of weeks.
Other staples in our diet our increasingly rising so I wouldn't take too much notice of these figures especially if you are living on a tight income.
What's the saying? "There's lies, more lies and then there's damned statistics"! - something like that anyway but you know what I mean.
4. Ihopeitgoeswithabang said...
1.8% where exactly?
I went into the supermarket the other day and 2 bags of boring stuff cost me £23.
Id like to know where they shop when they work these random figures out. They should let me know so I too could shop where inflation is at 1.8%.
Having said that manipulating figures now means next year the inflation figure will be higher if its reported correctly!
Or are they hoping the election will be out of the way by then! ....
5. dbnazz1 said...
Whitenight and Dohousescrashinthewoods.
Well said the pair of you. CPI is just a figure that excludes a lot of important prices. It suites the government because it has allowed them to show that inflation is low (a total lie)
and in the past it has suited employers as they have based there annual wage setllements on CPI and thus saved themselves money by not basing it on RPI as they used to.
The result has been that wages have fallen behind over the last approx ten years resulting in reduced purchasing power. The unions seem to be waking up to the fact that wages are not purchasing as much as they used to and are planning strikes. Although I don't think the unions have quite twigged that the reason for it falling hehind is due to inflation measuring.
6. dohousescrashinthewoods said...
Just posted a comment to the BBC here to ask if anyone is doing any investigative journalism to find out if the CPI is being manipulated. Wouldn't it be nice if it slipped past the government censors? Even if they did a spin piece on it, it might just draw more attention and anger from the public, increasing the pressure on Brown.
7. dohousescrashinthewoods said...
dbnazz1 - I agree. No wonder Brits are in so much debt with wages and nflation figures manipulated to protect the government's precious hide.
8. dohousescrashinthewoods said...
Ok, here's something - if these are what I think thef are, does anyone have time to look through these and create an at-a-glance summary?
http://www.statistics.gov.uk/articles/nojournal/CPI&RPI_basket_2007.pdf
http://www.statistics.gov.uk/articles/nojournal/CPI&RPI_basket_2006.pdf
http://www.statistics.gov.uk/articles/nojournal/CPI&RPI_basket_2005.pdf
http://www.statistics.gov.uk/articles/nojournal/CPI&RPI_basket_2004.pdf
http://www.statistics.gov.uk/articles/nojournal/CPI&RPI_basket_2003.pdf
http://www.statistics.gov.uk/articles/nojournal/CPI&RPI_basket_2002.pdf
http://www.statistics.gov.uk/articles/nojournal/CPI&RPI_basket_2001.pdf
(I haven't tried going further back, but you get the picture)
Also: http://www.statistics.gov.uk/pdfdir/inflsb0306.pdf