Tuesday, Jun 16, 2009
Inflation in my life is most certainly not falling.
BBC News: Further slowdown in UK inflation
If you don't buy tat and only buy stuff that's kind of important, like food and fuel, inflation is most certainly not falling.
Posted by flintster1994 @ 10:20 AM (722 views) Add Comment
9 Comments
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1. paul said...
Ah, the magical 0.1% makes a return.
Yes, it is a drop strictly speaking, but it won't show up anywhere.
Inflation still above target, interest rates at unprecedented 0.5%, Bank of England printing money.
2. paul said...
Notice how the BBC calls the RPI rise a 'move from -1.2% to -1.1%'?
3. peter_2008 said...
FGS, CPI has been staying ABOVE 2% for nearly two years, while crude oil was at HISTORICALLY low price. Even RPI went up 0.1% this month! Imagine what would happen now that oil price starts to pick up?
BoE, forget about deflation. Due to your extraordinary stupidity, we have been left with only two nightmare options - Hyperinflation or Stagflation!
As for bears and bulls - everyone is a loser. It’s either your saving gets eaten by inflation or you los your house because you can’t pay 10%.
4. nomad said...
Looks like oil is on its way back down. Too much of the stuff in store. Profits about to be taken.
5. kruador said...
Nomad, oil is certainly not on its way back down. There has been oversupply of actual oil since before last year's peak, and falling demand, yet it still bubbled up to $147 last year. The reason the quoted price is rising is that the futures market is broken - it has become a way of trading paper that is only nominally attached to the commodity, and is a classic bubble for that reason.
Everyone experiences inflation so that a few rich people can claim to hedge inflation - but their hedging is what is actually causing that inflation!
6. uncle tom said...
Business pulled their profit expectations back as the recession cut in, but with the weaklings now gone to the wall, those that remain will be looking to rebuild margins.
In some cases, lower trading levels will actually persuade businesses to raise prices to compensate.
This is likely to make inflation quite persistant..
7. refusetobuy said...
We are now above the CPI level in september 2008, and the RPI level in Dec 2008.
Ignore the annualised numbers. The brief spell of deflation is over.
(but I suspect there will be a lot to come when more defaults happen)
8. refusetobuy said...
Date RPI CPI
May 2008 215.1 108.3
Jun 2008 216.8 109
Jul 2008 216.5 109
Aug 2008 217.2 109.7
Sep 2008 218.4 110.3
Oct 2008 217.7 110
Nov 2008 216 109.9
Dec 2008 212.9 109.5
Jan 2009 210.1 108.7
Feb 2009 211.4 109.6
Mar 2009 211.3 109.8
Apr 2009 211.5 110.1
May 2009 212.8 110.7
9. george monsoon said...
Where do they get this **** , I mean rubbish..
Inflation is absolutely nowhere near 2%, its nearer 20%... has anyone else noticed the hikes in food, fuel and other NORMAL expenses...
utter bilge....