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Uk Inflation Hits 1% - Breaking News

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One of my 2015 predictions was inflation under 1%. I am also predicting a base rate cut to either 0.25% or 0.1%, and a bank offering a mortgage lending rate of around 1% at some point toward the end of 2015 for those with deposits over 40%.

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Excellent exchange rate on the Rouble as well.

Very nearly double what it was a few Months ago..

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Excellent time to visit Moscow/St. Petersburg at these rates. They are both stunning in the snow.

Edited by Errol

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What a fkin useless index!

I assume it represents the November contribution to the rolling 12-month index.

In which case there's some solid (price) deflation becoming embedded.

(I'm a bit fuzzy this morning.)

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Excellent time to visit Moscow/St. Petersburg at these rates. They are both stunning in the snow.

A room at the Astoria Hotel in St. Petersburg (a nice 5 star hotel in Rocco Forte chain) will cost £288 for three nights this coming weekend. A similar room in London at Brown's Hotel in the same chain will cost you £1,300. Anyone up for a weekend break?

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How's the Labour "cost of living crisis" strategy shaping up?

Well, with all working benefits frozen or cut and hundreds of thousands of non workers being denied benefits - pretty good I suppose.

It is a splendid situation for all those management types and 'non-job' people on high salaries tho'.

Edited by Bill D'arblay

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As inflation is going down I'm stopping spending, I want higher inflation so I can buy less in the future.

I'm deferring eating for a few months as restaurant prices are dropping.

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A room at the Astoria Hotel in St. Petersburg (a nice 5 star hotel in Rocco Forte chain) will cost £288 for three nights this coming weekend. A similar room in London at Brown's Hotel in the same chain will cost you £1,300. Anyone up for a weekend break?

doubt you could get a visa that quick though. Think they've brought in fingerprinting for visas now?

Talking of Russkies, certainly getting no deflation on my gas bill. Got a smart meter now and price is shocking. Probably need to move away from British Gas.

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Well, with all working benefits frozen or cut and hundreds of thousands of non workers being denied benefits - pretty good I suppose.

It is a splendid situation for all those management types and 'non-job' people on high salaries tho'.

And it's the latter group who will have much more influence over the outcome of the next election.

(my original remark is facetious, of course - I was predicting much the same a couple of years back)

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The items on that index contribute about 20% of my outgoings... glad to read recently that rents are up and council tax is up, that will more than compensate.

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Well, with all working benefits frozen or cut and hundreds of thousands of non workers being denied benefits - pretty good I suppose.

It is a splendid situation for all those management types and 'non-job' people on high salaries tho'.

Deflation is the only way many can feel that they have had a pay rise.....not what you earn it is what the money you do get gets you....

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Not too many on here disagreeing with this anymore.

A few figures off the top of my head......petrol litre.......£1.399 to £1.139

Milk......................57p to 49p a litre

Flat screens televisions 32"...... £300 to £150

Cost of new micro minis...Peugeot 107 etc....£9000 to £7000

Washing machines basic...£250 to £150

Council tax...flat for about five years

Insurance premiums steadily falling....my house insurance same as about 30 years ago...£100 pa

Deflation bring it on.

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Also Seems to be continued falling prices in the factory gate and input prices according to ONS. I suppose only wage inflation so real wage growth but how long that lasts who knows ?

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