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Realistbear

U.k. Shop Price Inflation Accelerates : Vigilance Now Guaranteed On Thursday

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http://www.bloomberg.com/news/2011-01-12/u-k-shop-price-inflation-accelerated-in-december-on-commodities-brc-says.html

U.K. Shop Price Inflation Accelerated in December on Commodities, BRC Says
By Svenja O’Donnell - Jan 12, 2011 12:01 AM GMT
U.K. shop price inflation accelerated in December as stores struggled to contain the soaring cost of commodities, the British Retail Consortium said.
Prices charged by retailers rose 2.1 percent from a year earlier, up from 2 percent in November, the London-based lobby group said in an e-mailed statement. Food price inflation was unchanged at 4 percent, while non-food price gains accelerated to 1.1 percent from 0.9 percent, led by furniture prices.
Many retailers are under pressure to increase prices after a surge in the cost of commodities including oil, cotton, coffee and wheat over the past year. U.K. consumer-price inflation climbed to 3.3 percent in November, the highest in six months.
“Retailers are protecting British consumers from the full- force of global commodity cost increases with unprecedented levels of discounting,” BRC Director General Stephen Robertson said in the statement.

Merv is in a difficult place as he has 2 priorities:

1. Make sure house prices do not decline

2. Protect bank profits -- i.e the spread between super low savings rates and IR charged to sheeple.

When considerng the importance of the above, it is likely that the BoE will remain vigilant on Thursday--perhaps becoming a bit more vigilant that before.

Edited by Realistbear

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http://www.bloomberg...s-brc-says.html

U.K. Shop Price Inflation Accelerated in December on Commodities, BRC Says
By Svenja O'Donnell - Jan 12, 2011 12:01 AM GMT
U.K. shop price inflation accelerated in December as stores struggled to contain the soaring cost of commodities, the British Retail Consortium said.
Prices charged by retailers rose 2.1 percent from a year earlier, up from 2 percent in November, the London-based lobby group said in an e-mailed statement. Food price inflation was unchanged at 4 percent, while non-food price gains accelerated to 1.1 percent from 0.9 percent, led by furniture prices.
Many retailers are under pressure to increase prices after a surge in the cost of commodities including oil, cotton, coffee and wheat over the past year. U.K. consumer-price inflation climbed to 3.3 percent in November, the highest in six months.
"Retailers are protecting British consumers from the full- force of global commodity cost increases with unprecedented levels of discounting," BRC Director General Stephen Robertson said in the statement.

Merv is in a difficult place as he has 2 priorities:

1. Make sure house prices do not decline

2. Protect bank profits -- i.e the spread between super low savings rates and IR charged to sheeple.

When considerng the importance of the above, it is likely that the BoE will remain vigilant on Thursday--perhaps becoming a bit more vigilant that before.

Merv cares not about the reality...just the figures...and CPI bears no resemblance to real world inflation for the poor.

His only reality is the financial SYSTEM

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Merv is in a difficult place as he has 2 priorities:

1. Make sure house prices do not decline

2. Protect bank profits -- i.e the spread between super low savings rates and IR charged to sheeple.

When considerng the importance of the above, it is likely that the BoE will remain vigilant on Thursday--perhaps becoming a bit more vigilant that before.

I see the Forex boyz are fattening up the Pound for a nice fall on Thursday - when the BoE takes no action yet again.

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I see the Forex boyz are fattening up the Pound for a nice fall on Thursday - when the BoE takes no action yet again.

Falling house prices and vigilance at the bank are apparently buy signals for sterling:

1 GBP $1.56439 Euro 1.20266

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Falling house prices and vigilance at the bank are apparently buy signals for sterling:

1 GBP $1.56439 Euro 1.20266

Cameron's hot air seems to be keeping Sterling afloat along with the anticipation the BoE will actually try and control inflation.

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  • 309 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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