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rantnrave

Inflation Falls To Five-Year Low

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Prices of stuff is still going up then.

Why should it? Ideally price of every days things like shelter, food, transport should be getting cheaper.

As technology gets better and leverages our abilities then yes, no reason at all - as long as there is energy and raw materials available at a viable cost.

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Prices of stuff is still going up then.

Why should it? Ideally price of every days things like shelter, food, transport should be getting cheaper.

Haven't you got any sympathy for those that loaded up on debt...if a £300,000 mortgage is still a £300,000 mortgage in today's money in five years time then it starts to look like a life sentence and to make matters worse the asset purchase was all about an inflationary hedge.

Edited by crashmonitor

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Here are the last 13 months figures showing the latest ones just released by the ONS.

Month RPI YoY% CPI YoY%
Sep 2013 251.9 3.2 126.8 2.7
Oct 2013 251.9 2.6 126.9 2.2
Nov 2013 252.1 2.6 127.0 2.1
Dec 2013 253.4 2.7 127.5 2.0
Jan 2014 252.6 2.8 126.7 1.9
Feb 2014 254.2 2.7 127.4 1.7
Mar 2014 254.8 2.5 127.7 1.6
Apr 2014 255.7 2.5 128.1 1.8
May 2014 255.9 2.4 128.0 1.5
Jun 2014 256.3 2.6 128.3 1.9
Jul 2014 256.0 2.5 127.8 1.6
Aug 2014 257.0 2.4 128.3 1.5
Sep 2014 257.6 2.3 128.4 1.2

No deflation yet.

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Here are the last 13 months figures showing the latest ones just released by the ONS.

Month RPI YoY% CPI YoY%

Sep 2013 251.9 3.2 126.8 2.7

Oct 2013 251.9 2.6 126.9 2.2

Nov 2013 252.1 2.6 127.0 2.1

Dec 2013 253.4 2.7 127.5 2.0

Jan 2014 252.6 2.8 126.7 1.9

Feb 2014 254.2 2.7 127.4 1.7

Mar 2014 254.8 2.5 127.7 1.6

Apr 2014 255.7 2.5 128.1 1.8

May 2014 255.9 2.4 128.0 1.5

Jun 2014 256.3 2.6 128.3 1.9

Jul 2014 256.0 2.5 127.8 1.6

Aug 2014 257.0 2.4 128.3 1.5

Sep 2014 257.6 2.3 128.4 1.2

No deflation yet.

Nice one nickincash.....now why can't the bloody comedians at the ONS have that on the homepage instead of burying the data. Simple and tells you 90% of what you need to know.

Edited by crashmonitor

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Nice one nickintime.....now why can't the bloody comedians at the ONS have that on the homepage instead of burying the data. Simple and tells you 90% of what you need to know.

I've never been called that before - can't buy a house with time!

The ONS data is designed to be as obscure as possible - they don't want to make it too easy for people.

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When it comes to paying pensions and wages we have deflation, for everything else depending on what suits there is inflation in the air.....all we can but do is try and create/manufacturer our own deflation thus helping to make ourselves feel richer. ;)

Edited by winkie

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Haven't you got any sympathy for those that loaded up on debt...if a £300,000 mortgage is still a £300,000 mortgage in today's money in five years time then it starts to look like a life sentence and to make matters worse the asset purchase was all about an inflationary hedge.

:D

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The MPC seem relaxed as CPI drifts lower and lower. It is within their fan model but what about 2015, 2016. 0% , -0.5 % ?

At the rate we're slowing a technical recession for Q1 2015 isn't out of the question.

At least it would give the Carney Mark a legitimate excuse for not raising rates!

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Real monetary belt tightening

real belt loosening. real wage rises coming. lower food/energy is excellent

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CPI falls from 1.5% to 1.2%. RPI falls from 2.4% to 2.3%.

No chance of a rate hike before the election then?

Isnt the rate hike a bribe to pensioners so theyll vote for the Tory party.

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real belt loosening. real wage rises coming. lower food/energy is excellent

Just because it might be temporarily lower for reasons beyond our control...doesn't mean we have to eat more or turn the heating up.....doesn't mean there will be a small window of opportunity to slap a bit more tax on fuel and introduce a low rate of VAT on food.

We know what is coming, we are not stupid. ;)

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Isnt the rate hike a bribe to pensioners so theyll vote for the Tory party.

One thing for sure we will get the proverbial moaning when the state pension, linked to price rises, doesn't move up much.

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Prices of stuff is still going up then.

Why should it? Ideally price of every days things like shelter, food, transport should be getting cheaper.

Should be, but consider the game of Monopoly. With a fixed number of squares on which to build, rents just keep going up until one player owns all the board.

What we have in reality is even worse. We have a Monopoly game in which 200,000+ new players are added to the board every year, and George Osbourne is the banker :)

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Isnt the rate hike a bribe to pensioners so theyll vote for the Tory party.

They don't need to do that, though. They'll probably just extend the amount pensioners can put into ISAs or National Savings Bonds at nice juicy rates.

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Should be, but consider the game of Monopoly. With a fixed number of squares on which to build, rents just keep going up until one player owns all the board.

What we have in reality is even worse. We have a Monopoly game in which 200,000+ new players are added to the board every year, and George Osbourne is the banker :)

There would be a fixed number of players but for immigration. And then you wonder why politicians, who write the rules, are so keen on it. You can't taper your way out of a Ponzi...new players (rows) are essential.

Edited by crashmonitor

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