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http://www.bbc.co.uk/news/business-30095123

Computer games released in the run-up to Christmas, such as Assassin's Creed, helped to increase inflation

UK inflation rose to an annual rate of 1.3% in October, up from 1.2% in the previous month, official figures show.

The slight increase moves the rate, as measured by the Consumer Prices Index (CPI), above its recent five-year low.

The Office for National Statistics (ONS), said the marginal rise was because transport costs fell by less than they did a year ago.

In addition, prices in the recreation and culture sectors rose, particularly for computer games and toys.

However, the price of food and non-alcoholic beverages fell by 1.4% in October, when compared with last year, marking the sixth consecutive month without a rise - the longest such period since 2000.

Furniture and household equipment prices also fell, by 1.1%, most notably three-piece suites and settees.

Yeah inflation going up, great news for the economy. I wonder what the quality is like of the furniture that is falling in price?

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The Office for National Statistics (ONS), said the marginal rise was because transport costs fell by less than they did a year ago.

That's a surprise because it seems as if fuel prices have been high for quite some time but only started to fall recently. They must mean some other transport cost.

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That's a surprise because it seems as if fuel prices have been high for quite some time but only started to fall recently. They must mean some other transport cost.

And food prices dropping too

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It's marginal that it rose at all on an annual basis...roundings!

126.8 to 126.9 dropping out of the annual rolling September-October 2013..........128.4 to 128.5 coming in...same monthly rise as last year.

1.249 to 1.251 who knows?

Edited by crashmonitor

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So wage growth exceeded inflation for about all of a week then...

No. The 1 month wage growth was 1.4%. So at least for another month it was a real wage increase.

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Rising inflation is not good for consumers.....if it starts rising too much people will create their own deflation by doing things differently, which can mean consuming less. ;)

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Oil and gas prices at record lows, but surprise to surprise I've yet to hear British Gas etc to reduce prices or for meaningful falls at the pumps.

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Rising inflation is not good for consumers.....if it starts rising too much people will create their own deflation by doing things differently, which can mean consuming less. ;)

I'm thinking industry will be breathing a sigh of relief, don't want consumers getting smart. FTSE 100 liking the inflation this morning, be it a technical roundings uplift and is actually more or less flat-lining around 1.25%

Edited by crashmonitor

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Wait till petrol price drops filter in....

I believe that the falling price of petrol was taken into account in the latest figures ... And with the price of fossil fuel energy plummeting of late, you really have to go some to manage to increase your rate of inflation.

Way to go, Government, you're fighting deflation! :lol:

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I guess the computer games on the new platforms are quite a bit more expensive. £60 a game? Anyway it is interesting to see the furniture prices dropping and consistent with declining property sale transactions.

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Computer games for ps4 and xboxone are early life cycle so are 40+ the ps3 and xbox360 games are now all under 30 now for new releases. This is typical of the industry. Second hand will start to bite again and full price retail will drop its just the run up till Christmas retailers now they can keep it high because little johnny's nan will pay 45 for assassins creed.

Although only a moron buys full price games if you roll behind releases by six months you pay next to nothing for games second hand. It is an industry with a crazy high turnover.

That said video games are an interesting indicator of economic conditions because pound for pound they offer the most entertainment and do well in harsh economic times.

That generation all trapped at home because of high house prices are all sitting playing xbox!

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I've never heard such rubbish, inflation down to computer games?

The amount of increase in these combined with how small their importance and weighting should be in the 'basket' should have very little affect.

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I've never heard such rubbish, inflation down to computer games?

The amount of increase in these combined with how small their importance and weighting should be in the 'basket' should have very little affect.

Yes I take your point Im just saying the "price" of videogames is to do with industry cycles and nothing to do with inflation / deflation.

They are however the largest form of entertainment on the planet dwarfing hollywood and the music industry. Maybe they have a place in the scheme of things as stuff people buy but its hardly essential. There use in this is deliberatly manipulative however. Also videogames are cheaper now than they have been in a long time in relative terms for what you get they have deflated massively becuase you are getting thousands of times the content you may have gotten in a video game of twenty years ago.

The biggest game recently was GTAV which cost 170 million to make the majority of which was done in the UK. After one week it had made back more than a billion.

Like it or not they are a huge part of the UK economy now. If they should be included in the basket of items I am not so sure I always thought the basket was for essential things like bread milk etc but we are sooo far down the road of ******** numbers now the powers have lost all sense of reason. They will swap anything in to fudge the numbers next basket to include the price of dog grooming, a hand job, cocaine?

At least its something tangible and made in UK by proper people on proper wages and brings a lot into the uk. Its something we do well as a country.

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