Tuesday, Mar 18, 2008
Consumer price inflation shot up to a nine-month high of 2.5%
Guardian: Inflation soars in February
Cheese, milk and bread prices rose by 17.6% on an annual basis last month - the largest rise since records began in 1997.
Posted by happyrenterz @ 01:54 PM (688 views) Add Comment
9 Comments
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1. tyrellcorporation said...
W H A T ??? I'm sorry I just don't understand how they work these things out.
'The ONS said petrol rose by 0.1 pence between January and February to 104p a litre compared with a fall of 0.3p a year ago.'
2. Letthemfall said...
This sentence amused me: "The ONS said CPI inflation would have remained unchanged at 2.2% last month if it had not made the change in methodology."
Oops, someone slipped up there. Capt Darling will be demanding an explanation. I also like the observation that strawberries are cheaper. So imported seasonal goods are an important part of the basket of goods? Expect to see an inflation drop in June (before Wimbledon starts of course). Food inflation? Nonsense. Let them eat strawberries.
3. Onyerhike said...
Beat inflation. Eat muffins and drink smoothies instead of ordering a cheese sandwich with a latte. Easy, right.
4. paul said...
The BBC website has given a footnote to this astonishing news, but has also said
"Many analysts expect the Bank of England, which reduced interest rates in February for the second time in three months, to cut them again before the end of the yaer (sic), perhaps as early as May.."
The BBC editors are kidding themselves - yet again!
5. Newworlddisorder said...
The fact that the fudged inflation figures is largely ignored by the mainstream media and the main opposition parties just goes to show how "controlled" the media is in this country and that the main political parties are essentially just different heads of the same snake. The same goes for the USA.
I think the mid-to-late 90's was the end of the Golden Age in the West, it's been lies, spin and deception since then.
Sadly, it's going to get a lot worse in the coming decades.
6. justwatching said...
THank fook for that, strawberries fell in price.
7. Fed Up said...
paul, the BBC editors are not 'kidding' themselves, they are part of the media vested interests which want rates to go down, hence they will continually talk the proposition up, by saying 'analysts expect etc'.
8. Bobbill said...
Amazing, the price of petrol only rises by full pennies and is always xxx.9p so how the official change is only 0.1p is beyound me!
Also seems like another fudge, they have taken into account the increases in enegy bills, all in one go so for the rest of the year the double digit rise in gas and electricity will have no further effect - they way they are manipulating the statistics we wil be told in a few months that deflaion is occuring!!
I feel sick with all the strawberries I have to eat to offset my energy bills.
9. it_is_going_with_a_bang said...
Strawberry's ?? Down in price? I bought them last week in Tesco and they were the same price.
But, anyway, inflation and strawberry's in the same sentence?!
They can deny inflation and hide it anyway they want. All that does is restrict spending which in turn completely fooks our economy anyway.
But is suppose when all you care about is saving your neck in the next 12 months that doesn't really matter.