crashmonitor Posted April 13, 2015 Share Posted April 13, 2015 http://www.telegraph.co.uk/finance/economics/11529433/UK-deflation-looms-as-supermarkets-step-up-price-war.html Quote Link to comment Share on other sites More sharing options...
billybong Posted April 13, 2015 Share Posted April 13, 2015 (edited) 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 April 13, 2015 by billybong Quote Link to comment Share on other sites More sharing options...
winkie Posted April 13, 2015 Share Posted April 13, 2015 You paid how much!! Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted April 13, 2015 Share Posted April 13, 2015 Good news for the 96p shop empire. Quote Link to comment Share on other sites More sharing options...
billybong Posted April 13, 2015 Share Posted April 13, 2015 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. Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted April 13, 2015 Share Posted April 13, 2015 Great comment in the article regarding how the government don't include house prices in the CPI, but do include illegal drugs sales and prostitution in GDP stats. Quote Link to comment Share on other sites More sharing options...
Guest_northshore_* Posted April 13, 2015 Share Posted April 13, 2015 ...chart of consumer price indices in the UK, US and Eurozone since February 2008 (rebased). One of these things, the bank’s rates and currencies team suggests, is not like the other: http://ftalphaville.ft.com/2015/04/08/2126030/uk-deflation-not-a-thing/ Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted April 13, 2015 Share Posted April 13, 2015 The deflation is in the contents of packets. They used to be full. Shrinkflation. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted April 13, 2015 Share Posted April 13, 2015 (edited) 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 April 13, 2015 by long time lurking Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted April 14, 2015 Share Posted April 14, 2015 9.30am data release. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 14, 2015 Share Posted April 14, 2015 BBC had a couple on this morning proudly talking about buying a new bathroom and how if they knew it was going to be cheaper 8 weeks from now it wouldn't stop them buying now. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted April 14, 2015 Share Posted April 14, 2015 Shrinkflation! How sneaky firms are making your favourite products smaller, but they DON'T shrink the price 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. Quote Link to comment Share on other sites More sharing options...
shindigger Posted April 14, 2015 Share Posted April 14, 2015 Shrinkflation! How sneaky firms are making your favourite products smaller, but they DON'T shrink the price 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? Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted April 14, 2015 Share Posted April 14, 2015 Oh no. Goodness me. How terrible. Can I offer to pay more for stuff to avert disaster? Quote Link to comment Share on other sites More sharing options...
winkie Posted April 14, 2015 Share Posted April 14, 2015 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. Quote Link to comment Share on other sites More sharing options...
InlikeFlynn Posted April 14, 2015 Share Posted April 14, 2015 (edited) 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 April 14, 2015 by InlikeFlynn Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted April 14, 2015 Share Posted April 14, 2015 Just like convenient MoM hpi of 0.1% - yer right. Quote Link to comment Share on other sites More sharing options...
winkie Posted April 14, 2015 Share Posted April 14, 2015 Anyone know what happened to RPI housing costs were included in that wasn't it? Quote Link to comment Share on other sites More sharing options...
council dweller Posted April 14, 2015 Share Posted April 14, 2015 Well, I was expecting -0.1% but not so bad. From now on we`ll see inflation return as if by magic. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted April 14, 2015 Author Share Posted April 14, 2015 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. Quote Link to comment Share on other sites More sharing options...
winkie Posted April 14, 2015 Share Posted April 14, 2015 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. Quote Link to comment Share on other sites More sharing options...
R K Posted April 14, 2015 Share Posted April 14, 2015 RBS Economics @RBS_Economics 8m8 minutes ago Inflation stays at 0%, but there's plenty of price changes out there... Quote Link to comment Share on other sites More sharing options...
tyres Posted April 14, 2015 Share Posted April 14, 2015 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.... Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 14, 2015 Share Posted April 14, 2015 Zero inflation is also part of Gidiot's 'plan'. 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. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 14, 2015 Share Posted April 14, 2015 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) April 14, 2015 Quote Link to comment Share on other sites More sharing options...
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