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11 minutes ago, Oliver Sutton said:

Higher than expected.

They'll obviously raise interest rates now.

Only joking.

Great. We only have to wait 17.7 years at this rate to pay 2x today's cost of stuff in the RPI basket. Wonder if wages will be kept in line?

Edited by cashinmattress

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1 minute ago, TheCountOfNowhere said:

Henry pryor reporing land registry data is showing 1% rise last month !!!

Houses doing their bit to help us cope with everything else going up in price.

Good thing everybody owns their own home, otherwise the country would be really screwed...

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Here are the last 12 months figures showing the latest ones just released by the ONS.

Month            RPI         YoY%        CPI         YoY%
Aug 2016        264.4        1.8        100.9        0.6
Sep 2016        264.9        2.0        101.1        1.0
Oct 2016        264.8        2.0        101.2        0.9
Nov 2016        265.5        2.2        101.4        1.2
Dec 2016        267.1        2.5        101.9        1.6
Jan 2017        265.5        2.6        101.4        1.8
Feb 2017        268.4        3.2        102.1        2.3
Mar 2017        269.3        3.1        102.5        2.3
Apr 2017        270.6        3.5        102.9        2.7
May 2017        271.7        3.7        103.3        2.9
Jun 2017        272.3        3.5        103.3        2.6
Jul 2017        272.9        3.6        103.2        2.6
Aug 2017        274.7        3.9        103.8        2.9

Note large rises in RPI and CPI over the last month.
 

Pound just shot up to $1.327 and 1.109 euro.

 

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Just wait to see the effects of hurricane Irma on petrol prices. The current petrol price rise is due to the lesser Katrina. 

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1 minute ago, hp72 said:

Just wait to see the effects of hurricane Irma on petrol prices. The current petrol price rise is due to the lesser Katrina. 

Might not happen, outboard motors use less fuel than a car................................

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25 minutes ago, Oliver Sutton said:

Luckily we have people at the helm that can see through this.

To infinity and beyond !!!

 

omg

 

open-uri20150422-23749-10e4dli_35717d40.

mark-carney-loves-the-great-british-bake

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Actually Katrina impacted on the refineries which reduced refined product supply, hence fuel prices. Conversely it also dropped crude oil prices due to the fall in demand.

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UK needs to remove all indexing from public sector pensions esp. the Treasury and BoE.

In fact, Id go further and withdraw provision of a pension from BoE and Treasury staff.

Theyll get a 15% increase in salary and offer that that contributions will be matched up to 10%.

Let them ea their own dog food.

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My deferred pension goes up with RPI in September 3.9%.The workers still working there got a 1.8% pay rise.So in our Alice in Wonderland economy ran by the wonders of the Central Bank i get twice the increase in my future pension by NOT being there than the people do still working there.These are the reasons Boomers with final salary pension schemes are making out like bandits.

The leads and lags are crucial on these numbers though.That increase is due to cost increases that flows abroad.The companies here are actually seeing much smaller margins as they cant pass on all the increase due to falling demand.Rates go up we see a deflationary debt collapse.Rates dont go up we see a deflationary debt collapse due to margin destruction.Take your pick Carnage.The demand destruction ahead (and with it un-voluntary debt liquidation) will shock this country to the core.

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8 minutes ago, spyguy said:

UK needs to remove all indexing from public sector pensions esp. the Treasury and BoE.

In fact, Id go further and withdraw provision of a pension from BoE and Treasury staff.

Theyll get a 15% increase in salary and offer that that contributions will be matched up to 10%.

Let them ea their own dog food.

"UK needs to "....you mean...the people benefitting from " all indexing from public sector pensions esp"....need to remove all indexing.

And how do you propose to achieve that ?

It wont happening till people protest or the whole thing collapses.

People arent protesting because they are making a fortune from a house and are driving about in £60K mercedes.

No one seems to realise what the **** is going on.

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1 hour ago, hpcnnh said:

Here are the last 12 months figures showing the latest ones just released by the ONS.

Month            RPI         YoY%        CPI         YoY%
Aug 2016        264.4        1.8        100.9        0.6
Sep 2016        264.9        2.0        101.1        1.0
Oct 2016        264.8        2.0        101.2        0.9
Nov 2016        265.5        2.2        101.4        1.2
Dec 2016        267.1        2.5        101.9        1.6
Jan 2017        265.5        2.6        101.4        1.8
Feb 2017        268.4        3.2        102.1        2.3
Mar 2017        269.3        3.1        102.5        2.3
Apr 2017        270.6        3.5        102.9        2.7
May 2017        271.7        3.7        103.3        2.9
Jun 2017        272.3        3.5        103.3        2.6
Jul 2017        272.9        3.6        103.2        2.6
Aug 2017        274.7        3.9        103.8        2.9

Note large rises in RPI and CPI over the last month.
 

Pound just shot up to $1.327 and 1.109 euro.

 

And CPI(H)

https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/l55o/mm23

Period Value
2016 JUL 0.9
2016 AUG 1.0
2016 SEP 1.3
2016 OCT 1.3
2016 NOV 1.5
2016 DEC 1.8
2017 JAN 1.9
2017 FEB 2.3
2017 MAR 2.3
2017 APR 2.6
2017 MAY 2.7
2017 JUN 2.6
2017 JUL 2.6
2017 AUG 2.7

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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