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Sour Mash

Uk Cpi Rises To 2.9%

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Not seen any threads on this, perhaps because it's not exactly 'unexpected' by most here :lol:

http://www.bbc.co.uk/news/business-23324635

The rate of consumer price index (CPI) inflation increased to 2.9% in June, up from 2.7% in May, according to the Office for National Statistics (ONS).

The figure, a 14-month high, was lower than the 3% expected by markets.

A rise in the inflation rate had been anticipated because of higher petrol and clothing prices versus a year ago. But it was moderated by slower annual rises in airfares and food prices.

Retail prices index (RPI) inflation also rose, to 3.3% from 3.1% in May.

Hooray! We're winning the war against deflation. But we can't afford to relax our vigilance - prices of everything MUST go up.

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Not seen any threads on this, perhaps because it's not exactly 'unexpected' by most here :lol:

http://www.bbc.co.uk...siness-23324635

Hooray! We're winning the war against deflation. But we can't afford to relax our vigilance - prices of everything MUST go up.

At one time a Pound was worth one pound of sterling silver, later it was valued against gold.

Nowadays it's pegged to houses in South East England. The Bank of England will only be happy when theses houses are worth £1 Million, and a loaf of bread is £100.

Edited by Lord D'arcy Pew

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Maybe that's why there's not been much QE recently - so he wouldn't have to write the letter just a few days after his arrival.

It's as good a reason to set policy as any of the others in recent times.

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Well thank God Ryanair flights to some crappy little airfield 60 miles out of Krakow came down otherwise the figure would be even worse. :lol:

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At one time a Pound was worth one pound of sterling silver, later it was valued against gold.

Nowadays it's pegged to houses in South East England. The Bank of England will only be happy when theses houses are worth £1 Million, and a loaf of bread is £100.

Houses go up by a factor of <4 but bread goes up be a factor of >50. So invest in actual bread, do you think? Or an ETF that tracks the price of bread?

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Maybe that's why there's not been much QE recently - so he wouldn't have to write the letter just a few days after his arrival.

I expect Merv left him a template, so all he has to do is fill in the date and the latest details.

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Just had this on Bbc news at 6. Rise apparently down to people willing to pay more for summer clothes - based on - you guessed it - the weather :rolleyes:

But don't worry - looks like food prices could soon counter balance this due to - you guessed it again - the weather :rolleyes:

Why don't they just get Michael Fish to do the monthly inflation report. Would save a lot of costs down Bank of England way . .

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Just had this on Bbc news at 6. Rise apparently down to people willing to pay more for summer clothes - based on - you guessed it - the weather :rolleyes:

But don't worry - looks like food prices could soon counter balance this due to - you guessed it again - the weather :rolleyes:

Why don't they just get Michael Fish to do the monthly inflation report. Would save a lot of costs down Bank of England way . .

i always thought "the day after tomorrow" missed a trick by casting Ian Holm when Michael Fish would have been so much better and they really could have used poetic licence and that whole aeroplane engine falling on the Her Mags bedroom for dramatic effect

Edited by georgia o'keeffe

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Of course we had month on month deflation..........from 126.1 in May to 125.9 in June....just that the drop is not as much as that caused by the deluge in June 12 (exiting the rolling figures) causing the annual rolling to tick up.

For the very same reason we have trouble in store on the house price indicies with big deflation numbers in the summer of 2012 soon to be dropping out of the annual stats. (seasoning should off set the effect of the summer holiday slow down)

Edited by crashmonitor

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  • 246 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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