exiges Posted January 18, 2011 Share Posted January 18, 2011 That's not a little amount over 2% is it ? Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted January 18, 2011 Share Posted January 18, 2011 That's not a little amount over 2% is it ? It looks like you haven't hear Ernst & Young's statement that inflation will subdue at some point in the future as there is no underlying issue. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 18, 2011 Share Posted January 18, 2011 It's the snow again... Quote Link to comment Share on other sites More sharing options...
up2late Posted January 18, 2011 Share Posted January 18, 2011 Feck! And the MPC had access to these figures at their last meeting, I presume? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 18, 2011 Share Posted January 18, 2011 Sterling just spiked up, presumably on expectations of a rate rise soon. Quote Link to comment Share on other sites More sharing options...
Papa Serf Posted January 18, 2011 Share Posted January 18, 2011 Its getting stupid now. There must be something in the water, I want to riot but can't be bothered. Quote Link to comment Share on other sites More sharing options...
neil324 Posted January 18, 2011 Share Posted January 18, 2011 The pound just jumped on the back of this. Next month CPI looks like breaking 4% Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 18, 2011 Share Posted January 18, 2011 That's not a little amount over 2% is it ? Merv just went all vigilant all over. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 18, 2011 Share Posted January 18, 2011 Being so early on in the new year, are these figures taking into account the VAT hike? Quote Link to comment Share on other sites More sharing options...
neil324 Posted January 18, 2011 Share Posted January 18, 2011 Why the jump, fuel costs? Quote Link to comment Share on other sites More sharing options...
neil324 Posted January 18, 2011 Share Posted January 18, 2011 Being so early on in the new year, are these figures taking into account the VAT hike? No,these are December's figures. Quote Link to comment Share on other sites More sharing options...
Pole Posted January 18, 2011 Share Posted January 18, 2011 That's not a little amount over 2% is it ? don't worry its only: - the fuel duty, - the snow, - the Ashes win, - the rising cost of vinyl records. Quote Link to comment Share on other sites More sharing options...
Nationalist Posted January 18, 2011 Share Posted January 18, 2011 This is madness! The VAT rise and the petrol hikes aren't even in these numbers yet! The MPC have completely lost the plot. Mervyn King's going to be getting a letter from me, on paper, first class stamp. Quote Link to comment Share on other sites More sharing options...
Reck B Posted January 18, 2011 Share Posted January 18, 2011 Here you go Merv, copy and paste. 18th January 2011 Dear George, Sorry, I'm a useless ****. Will try harder and remain vigilant. Merv. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 18, 2011 Share Posted January 18, 2011 This is madness! The VAT rise and the petrol hikes aren't even in these numbers yet! The MPC have completely lost the plot. Mervyn King's going to be getting a letter from me, on paper, first class stamp. ...and dusted with anthrax? Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted January 18, 2011 Share Posted January 18, 2011 Why the jump, fuel costs? That, and the Tesco Value pizza has increased from 1£ to 1.25£. Quote Link to comment Share on other sites More sharing options...
red Posted January 18, 2011 Share Posted January 18, 2011 mmm. My NS&I certs looking good value. Quote Link to comment Share on other sites More sharing options...
Nationalist Posted January 18, 2011 Share Posted January 18, 2011 mmm. My NS&I certs looking good value. :angry: :angry: :angry: I was planning on getting some just as they cancelled them. I even advised other people to pile into NS&I but I didn't get in in time myself. :angry: :angry: :angry: :angry: :angry: Still, the CHFs are doing OK. (First time I've seem this message from the board: You have posted a message with more emoticons that this board allows. Please reduce the number of emoticons you've added to the message.) Quote Link to comment Share on other sites More sharing options...
Tyler Posted January 18, 2011 Share Posted January 18, 2011 Mervyn King's going to be getting a letter from me, on paper, first class stamp. Saying what? Dear Merv, I demand that you lower the global prices of all commodities? If house prices are falling anyway what woud be achieved by raising IR? Wouldn't it just strengthen the pound and thus exacerbate the problem? Quote Link to comment Share on other sites More sharing options...
Pole Posted January 18, 2011 Share Posted January 18, 2011 This is madness! ...which has now remained above the 2% target by one percentage point or more for 13 months. It's an absolute joke. They're laughing in our faces, and the nation as usual just bends over and takes it in with a smile... Quote Link to comment Share on other sites More sharing options...
mattyfc Posted January 18, 2011 Share Posted January 18, 2011 Expecting a rate rise in 1st half this year, with all the pressure building on the B of E. CPI will near 5% Jan / Feb. QE dead and buried until inflation come down. I expect growth to surprise on the upside and a rate rise to follow. Rates will stay low for a long time yet though, just not as low as 0.5%. Probably won’t get back to 5% for 5-10 years. Quote Link to comment Share on other sites More sharing options...
neil324 Posted January 18, 2011 Share Posted January 18, 2011 Saying what? Dear Merv, I demand that you lower the global prices of all commodities? If house prices are falling anyway what woud be achieved by raising IR? Wouldn't it just strengthen the pound and thus exacerbate the problem? Stronger Pound = cheaper commodities. Quote Link to comment Share on other sites More sharing options...
Nationalist Posted January 18, 2011 Share Posted January 18, 2011 Saying what? Dear Merv, I demand that you lower the global prices of all commodities? If house prices are falling anyway what woud be achieved by raising IR? Wouldn't it just strengthen the pound and thus exacerbate the problem? Dear Merv, I demand that you do your job and keep inflation at or below 2% or quit of you can't and make room for someone who can. Yes, increasing IRs would strengthen the pound and so control inflation, eg oil would be cheaper if the £ went back to $2. Quote Link to comment Share on other sites More sharing options...
The Eagle Posted January 18, 2011 Share Posted January 18, 2011 so much for Realistbear's theory of deflation... As usual he seems a very realiable counter-indicator! Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 18, 2011 Share Posted January 18, 2011 BBC News have announced that they are getting lots of emails from people worrying about a possible interest rate rise. eg "I can only just keep up with my mortgage payments now......." Oh dear . Quote Link to comment Share on other sites More sharing options...
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