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Economists Forecasting Deflation In Tomorrow's Cpi Release

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How awful.

One can quite imagine people stopping doing their shopping for stuff at the pound shops and going to the supermarkets where they can easily buy that stuff for at least 4 or 5 times the price.

People will just have to start creating their own inflation by shopping at the pricier outlets.

Edited by billybong

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It's noticeable as well that the various comments including those from the governor of the BoE are saying how good it is even "unambiguously good". Quite a turnaround.

The tone of the article is clearly bearing in mind the imminent general election.

One imagines they can't wait until the election is over and they can get back to talking about deflationary spirals, deflation doom and so on and how they must create inflation by printing up some more money to be issued to their pals.

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Property sales (for 99% of people the biggest purchase they will make) are not included in any inflation index but the 'made-up-finger-in-the-air' imputed rent figure is included in GDP. And the two key metrics for the government are inflation and GDP.

http://Introducing the new CPIH measure of Consumer Price ... www.ons.gov.uk/.../prices/cpi.../introducing-the-new-cpih-measure-of-c...

CPIH

Not directly house prices but cost of owning ....mortgage ..maintenance etc ....

Edited by long time lurking

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Shrinkflation! How sneaky firms are making your favourite products smaller, but they DON'T shrink the price
article-3037688-2789FFEB00000578-342_964

In its latest issue, consumer watchdog Which? reveals a host of products that have been shrunk, while the price remains the same. This includes Aunt Bessie's chips (far left) that have been reduced by 50g, Tesco's Tomato and Mascarpone (second left) sauce that has lost 25g and a box of Cadbury Creme Eggs (third left) that have gone from a six to a five-pack. Philadelphia (third right) has also been cut by 20g and Surf (second right) washes are down 20 per cent. There are five fewer tea bags per pack of Blend of Both by Tetley's (far right). While this may be better for your waistline, it's not better for your pocket if manufacturers and supermarkets don't pass on the cost saving to consumers. It's seemingly part of a strategy across the retail industry that enables manufacturers to increase profits without putting up prices (and thus risk losing customers). It's now so common, it's even got a name: 'shrinkflation'.

Mail running with this today.

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Shrinkflation! How sneaky firms are making your favourite products smaller, but they DON'T shrink the price

article-3037688-2789FFEB00000578-342_964

In its latest issue, consumer watchdog Which? reveals a host of products that have been shrunk, while the price remains the same. This includes Aunt Bessie's chips (far left) that have been reduced by 50g, Tesco's Tomato and Mascarpone (second left) sauce that has lost 25g and a box of Cadbury Creme Eggs (third left) that have gone from a six to a five-pack. Philadelphia (third right) has also been cut by 20g and Surf (second right) washes are down 20 per cent. There are five fewer tea bags per pack of Blend of Both by Tetley's (far right). While this may be better for your waistline, it's not better for your pocket if manufacturers and supermarkets don't pass on the cost saving to consumers. It's seemingly part of a strategy across the retail industry that enables manufacturers to increase profits without putting up prices (and thus risk losing customers). It's now so common, it's even got a name: 'shrinkflation'.

Mail running with this today.

Only about 6 years late with this story then?

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The deflation is in the contents of packets. They used to be full. Shrinkflation.

Quite......nothing worse than the feeling of being ripped off, a big con, soon packets will be so small it won't be worth buying them......in fact even now it is not worth buying a lot of the branded stuff.....buy by weight and volume.... Make your own soup etc from raw ingredients, buy in bulk in plain wrapping....create your own deflation, not buy into shrinkage inflation.

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Latest news: CPI Unchanged at 0.0% this month

"

  • The Consumer Prices Index (CPI) was unchanged in the year to March 2015, that is, a 12-month rate of 0.0%, the same rate as in the year to February 2015.
  • Falls in clothing and gas prices produced the largest downward contributions to change in the inflation rate.
  • These were offset by a rise in the price of motor fuels and smaller upward contributions from a variety of other products such as food.
  • CPIH (not a National Statistic) grew by 0.3% in the year to March 2015, unchanged from February 2015.
Edited by InlikeFlynn

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Well, I was expecting -0.1% but not so bad.

From now on we`ll see inflation return as if by magic.

In view of the rise in oil to $58 a barrel (Brent), looking like it.

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Well, I was expecting -0.1% but not so bad.

From now on we`ll see inflation return as if by magic.

Not long to wait......enjoy it while it's about, they are working on it....the system as designed will only survive with ever growing higher prices and debt.....if it doesn't survive it will surely fail.

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Business daily doing a show on Japan's deflation...

Japan's Abenomics Experiment

We examine Abenomics, Japan's bold economic experiment. For more than twenty years the country's been trapped in a cycle of falling prices and negative growth - the lost decades, they call them. But since 2012, the government, with its new Prime Minister, Shinzo Abe, has been throwing hundreds of billions of dollars at the economy, hoping to kick-start it back into life. Who's benefitting from all this? Well it seems some city-dwellers are back in work, women especially, but some poorer communities, like the seaweed harvesters of Futtsu, continue to feel the pinch. We hear from them, from the government, and from one former banker, Seijiro Takeshita, who's returned after a quarter of a century working abroad, who says that, despite his country's struggles, there is light at the end of its long, dark tunnel. Finally, Jonathan Allum, a strategist at the Japanese investment firm, SMBC Nikko Capital Markets, gives an overrall verdict on the achievements of Abenomics.

listen here....

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Zero inflation is also part of Gidiot's 'plan'. :lol:

George Osborne

@George_Osborne

Our plan for working people gets another boost today with good news for family budgets - Inflation at zero for second month in a row.

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The actual number was negative, rounded up to 0.0%.

To one decimal place, CPI inflation was zero. To two decimal places it was -0.01%. To three: -0.009%. To four: -0.0094%. etc etc
— Ed Conway (@EdConwaySky)

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