getdoon_weebobby Posted January 19, 2010 Share Posted January 19, 2010 (edited) doesnt even include vat increase yet rate hikes sooner than the sheeple expected then Edited January 19, 2010 by getdoon_weebobby Quote Link to comment Share on other sites More sharing options...
SpewLabour Posted January 19, 2010 Share Posted January 19, 2010 rate hikes sooner than the sheeple expected then CPI +1%, RPI + 2.1%. Ouch ! Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 19, 2010 Share Posted January 19, 2010 You can just imagine them..... Well done people, it took a lot of effort but we eventually got it under the psychological 3% Quote Link to comment Share on other sites More sharing options...
SpewLabour Posted January 19, 2010 Share Posted January 19, 2010 You can just imagine them..... Well done people, it took a lot of effort but we eventually got it under the psychological 3% As this is Decs figures, this doesn't include VAT going back up to 17.5% either. That's going to cause another massive leap next month !!! Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted January 19, 2010 Share Posted January 19, 2010 Largest ever increase in annual rate of CPI between two months. Quote Link to comment Share on other sites More sharing options...
57percent Posted January 19, 2010 Share Posted January 19, 2010 CPI +1%, RPI + 2.1%. Ouch ! That's massive for 1 month. And no VAT rise yet. Is this linked to QE or is there something else at play? Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted January 19, 2010 Share Posted January 19, 2010 More evidence that the increased retail sales was just inflation and scavenging sales from now defunct retail outlets. Quote Link to comment Share on other sites More sharing options...
InsideEdge Posted January 19, 2010 Share Posted January 19, 2010 £/euro up to 1.142 on the back of this. I think that signals interest rate rises sooner than previously expected. Quote Link to comment Share on other sites More sharing options...
stoobs Posted January 19, 2010 Share Posted January 19, 2010 A Senior Economist from ING has just been on BBC News citing the VAT increase as a reason why the figures have jumped so much. I wonder how much he gets paid for being that clueless? Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted January 19, 2010 Share Posted January 19, 2010 As this is Decs figures, this doesn't include VAT going back up to 17.5% either. That's going to cause another massive leap next month !!! It now looks almost certain that CPI annual rate will go over 4% next month. Incidentally, RPIX (which the BoE used to target at 2.5%) is now at 3.8% and could well go over 5% next month. Quote Link to comment Share on other sites More sharing options...
STRLondon Posted January 19, 2010 Share Posted January 19, 2010 (edited) That's massive for 1 month. And no VAT rise yet. Is this linked to QE or is there something else at play? When you annualise the CPI from those last two months you get a really scarey figure over 20%. Just trying to get my head around the way they work out the CPI. They compare the CPI between months this year and last, not this month to last....and we already know that when they compare it next month, they will get another high figure next month because prices increased immensly from february 2009, so wont we expect a 2% increase each month for the next 11 months as we know what prices were a year ago, and we know the prices today, if prices stay the same but we roll forward time - they CPI / RPI is going through the roof? Edited January 19, 2010 by STRLondon Quote Link to comment Share on other sites More sharing options...
moneyscam Posted January 19, 2010 Share Posted January 19, 2010 Actual Forecast Previous Commentary 09:30 GBP Consumer Price Index (MoM) (DEC) 0.6% 0.3% 0.3% 09:30 GBP Consumer Price Index (YoY) (DEC) 2.9% 2.6% 1.9% 09:30 GBP Core Consumer Price Index (YoY) (DEC) 2.8% 2.3% 1.9% 09:30 GBP Retail Price Index (DEC) 218.0 217.3 216.6 09:30 GBP Retail Price Index (MoM) (DEC) 0.6% 0.3% 0.3% 09:30 GBP Retail Price Index (YoY) (DEC) 2.4% 2.1% 0.3% 09:30 GBP Retail Price Index Ex Mort Int.Payments (YoY) (DEC) 3.8% 3.5% 2.7% for a more detailed breakdown. Ouch, look at RPI ex mortgages 3.8%, here come the rate rises, GBP stronger on the crosses in expectation of this. http://www.dailyfx.com/calendar/ Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 19, 2010 Share Posted January 19, 2010 That's massive for 1 month. And no VAT rise yet. Is this linked to QE or is there something else at play? CPI has been rising for months but the figure given today relates to the same month a year ago. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 19, 2010 Share Posted January 19, 2010 NS&I Index Linked bonds pay RPI + 1% tax free. That looks a bit out of kilter with interest rates on offer from banks. Quote Link to comment Share on other sites More sharing options...
57percent Posted January 19, 2010 Share Posted January 19, 2010 Can they put off raising rates in Feb and Mar? Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted January 19, 2010 Share Posted January 19, 2010 Wonder how the Bankrupt of England pension fund is doing, being invested in inflation linked bonds and all. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 19, 2010 Share Posted January 19, 2010 Can they put off raising rates in Feb and Mar? B of E have been predicting a "temporary spike in iterest rates early in the year" but predict it will go back down" Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted January 19, 2010 Share Posted January 19, 2010 Can they put off raising rates in Feb and Mar? I do hope not - that will really bugger Labour up heading into a GE! If CPI goes up to 3.5-4% next month (which is likely given the VAT increase), people are going to be getting very worried about out of control inflation. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted January 19, 2010 Share Posted January 19, 2010 (edited) Yeah, yeah, yeah, Redhat - BoE have been purposefully underestimating inflation for as long as I can remember - it's part of their perverse strategy. Heaven knows how high it's going to climb. Friggin joke! What a shocker. Protect yourselves people! Edited January 19, 2010 by gruffydd Quote Link to comment Share on other sites More sharing options...
FreeTrader Posted January 19, 2010 Share Posted January 19, 2010 Gilts market doesn't like the numbers, especially at the short end. Seeing increased odds of a rate rise. Quote Link to comment Share on other sites More sharing options...
jp1 Posted January 19, 2010 Share Posted January 19, 2010 Can they put off raising rates in Feb and Mar? When there's an election in May, "Can we put off raising rates? Yes We Can!" Quote Link to comment Share on other sites More sharing options...
buytoilet Posted January 19, 2010 Share Posted January 19, 2010 Beeb now have it link That was the biggest monthly rise in the annual index since records began Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted January 19, 2010 Share Posted January 19, 2010 I do hope not - that will really bugger Labour up heading into a GE! If CPI goes up to 3.5-4% next month (which is likely given the VAT increase), people are going to be getting very worried about out of control inflation. No doubt the BBC will soon roll someone out to tell viewers to buy as many houses as you can instead of having cash. Quote Link to comment Share on other sites More sharing options...
BalancedBear Posted January 19, 2010 Share Posted January 19, 2010 (edited) It just makes you wonder why these "highly paid eonomists" cannot see what is happening. I, along with a few others have been banging on about inflation increases for the last year. The official figures all showed it, there is no surprise. The only surprise is just how stupid the economists are who only read the YOY figure, and look no further. I bought NS&I bonds in September and they begin tracking the index about 3 months before that. QE is destroying the currency and making us all poorer. Edit - typos Edited January 19, 2010 by BalancedBear Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted January 19, 2010 Share Posted January 19, 2010 It just makes you wonder why these "highly paid eonomists" cannot see what is happening. I, along with a few others ahve been banging on about inflation increases for teh last year. The official figures all showed it, ther eis no surprise. The only surprise is just how stupid the economists are who only read teh YOY figure, and look no further. I bought NS&I bonds in September and they begin tracking the index about 3 months before that. QE is destroying the currency and making us all poorer. They are liars. Quite simple really. Quote Link to comment Share on other sites More sharing options...
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