InlikeFlynn Posted October 17, 2017 Share Posted October 17, 2017 (edited) As predicted in the press, CPI now at 3.0%. Not sure whether this small rise will persuade BoE to hold off on their mooted base rate rise. edit: RPI steady at 3.9% Edited October 17, 2017 by InlikeFlynn Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted October 17, 2017 Share Posted October 17, 2017 20 minutes ago, InlikeFlynn said: As predicted in the press, CPI now at 3.0%. Not sure whether this small rise will persuade BoE to hold off on their mooted base rate rise. edit: RPI steady at 3.9% Hopefully we'll get a Shaun Richards post on this later today to give plebs like me the why's and wherefores. These CPI rises are becoming concerted.Must be time for a new inflation measure that comes in under 2%.....or maybe jsut start excluding anything that's gone up in price. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted October 17, 2017 Share Posted October 17, 2017 Pound's fallen off a cliff in October so they may be struggling to contain things next month. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 17, 2017 Share Posted October 17, 2017 November rate rise must happen now, to be honest, they'll raise rates anyway, the US have told them to Quote Link to comment Share on other sites More sharing options...
Giraffe Posted October 17, 2017 Share Posted October 17, 2017 They've taken us right to the brink of a sterling crisis. Ball's in the BoE court now. What will they do??? Feet up folks, popcorn time for real I think. Arrogant Carney and Co. really do deserve total humiliation. Let's hope Mr. Market delivers it. Quote Link to comment Share on other sites More sharing options...
PaulParanoia Posted October 17, 2017 Share Posted October 17, 2017 CPI is measured over 12 months. The pounds up about 8% against the $ over the last 12 months and pretty much static against the Euro. I'd expect to see another small increase next month, maybe up to 3.1%. Quote Link to comment Share on other sites More sharing options...
Up the spout Posted October 17, 2017 Share Posted October 17, 2017 1 minute ago, PaulParanoia said: CPI is measured over 12 months. The pounds up about 8% against the $ over the last 12 months and pretty much static against the Euro. I'd expect to see another small increase next month, maybe up to 3.1%. That just shows dollar weakness really, as commodities are priced in dollars inflation in the US should be heading up too. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 17, 2017 Share Posted October 17, 2017 5 minutes ago, PaulParanoia said: CPI is measured over 12 months. The pounds up about 8% against the $ over the last 12 months and pretty much static against the Euro. I'd expect to see another small increase next month, maybe up to 3.1%. I'd expect to see it fall out in the next month or so. Was expecting a fall but happy it's stayed up, they will have no option now. Quote Link to comment Share on other sites More sharing options...
Si1 Posted October 17, 2017 Share Posted October 17, 2017 34 minutes ago, Sancho Panza said: Hopefully we'll get a Shaun Richards post on this later today to give plebs like me the why's and wherefores. These CPI rises are becoming concerted.Must be time for a new inflation measure that comes in under 2%.....or maybe jsut start excluding anything that's gone up in price. Now hpi is negative they could add that to the CPI measure, and even dress it up as responsibly addressing housing costs. Before promptly dropping interest rates. Quote Link to comment Share on other sites More sharing options...
Scramz Posted October 17, 2017 Share Posted October 17, 2017 32 minutes ago, crashmonitor said: Pound's fallen off a cliff in October so they may be struggling to contain things next month. The pound is stronger today than this time last year, there was no mention of movement then and more likely won't be now. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted October 17, 2017 Share Posted October 17, 2017 Morning guys. Your present from the boomer generation. We know you love to skimp on space in favour of cost savings ! Quote Link to comment Share on other sites More sharing options...
Errol Posted October 17, 2017 Share Posted October 17, 2017 September measures are used to set pensions etc as well, so pensioners are in for a treat! Quote Link to comment Share on other sites More sharing options...
Scramz Posted October 17, 2017 Share Posted October 17, 2017 1 hour ago, InlikeFlynn said: As predicted in the press, CPI now at 3.0%. Not sure whether this small rise will persuade BoE to hold off on their mooted base rate rise. edit: RPI steady at 3.9% CPI hit 5% in 2008 and 2011 with no rise in rates. Cant see this pushing them to do it now, and if so no more than .25%. Quote Link to comment Share on other sites More sharing options...
Simhadri Posted October 17, 2017 Share Posted October 17, 2017 1 minute ago, Scramz said: CPI hit 5% in 2008 and 2011 with no rise in rates. Cant see this pushing them to do it now, and if so no more than .25%. +1 They won't rise as quickly as we want. They are reducing stamp duty for first time buyers to help HPI. Even if they rise it won't be more than 0.25%. TBH, I won't be surprised if they opt for NEGATIVE interest rates. They want you to spend, spend, spend. Quote Link to comment Share on other sites More sharing options...
Nabby81 Posted October 17, 2017 Share Posted October 17, 2017 16 minutes ago, Errol said: September measures are used to set pensions etc as well, so pensioners are in for a treat! Yes 3% increase in pensions .. House prices are up again ( 5%) so inflation can't be that bad overall if people are still buying at increased prices so see no reason not up increase rates really ... Quote Link to comment Share on other sites More sharing options...
crouch Posted October 17, 2017 Share Posted October 17, 2017 28 minutes ago, Scramz said: CPI hit 5% in 2008 and 2011 with no rise in rates. Cant see this pushing them to do it now, and if so no more than .25%. I think they'll do nothing now and cut to 0.1% in a few months time. Quote Link to comment Share on other sites More sharing options...
Tempus Posted October 17, 2017 Share Posted October 17, 2017 Carney is speaking now before a Parliamentary committee. Pretty clear he has no intention of raising rates soon. Quote Link to comment Share on other sites More sharing options...
winkie Posted October 17, 2017 Share Posted October 17, 2017 Some will spend more because they can and want to...others will spend less because they can and want to....others will spend less because they can't spend more but want to. Third group and second group growing.....where is the inflation supposed to be coming from, what I would like to know. Quote Link to comment Share on other sites More sharing options...
Mr Banks Posted October 17, 2017 Share Posted October 17, 2017 30 minutes ago, Tempus said: Carney is speaking now before a Parliamentary committee. Pretty clear he has no intention of raising rates soon. Indeed some believe he will. I am amazed after 10 years and looking at what has happened in Japan over the past 20 something they believe this, it's like some people (including some on here) don't adjust their models after years of incorrect predictions and completely ignore the past. Quite staggering really he is all talk. Quote Link to comment Share on other sites More sharing options...
Tempus Posted October 17, 2017 Share Posted October 17, 2017 He's a poor speaker Carney. Hesitant. Lots of repetition. Lots of ummms and errrs. Doesn't inspire confidence. Quote Link to comment Share on other sites More sharing options...
JustAnotherProle Posted October 17, 2017 Share Posted October 17, 2017 1 hour ago, @contradevian said: Morning guys. Your present from the boomer generation. We know you love to skimp on space in favour of cost savings ! People living in Shipping containers...has it really come to this? The "millennials" need to start taking this to the streets or we are all screwed. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted October 17, 2017 Share Posted October 17, 2017 (edited) 3 minutes ago, JustAnotherProle said: People living in Shipping containers...has it really come to this? The "millennials" need to start taking this to the streets or we are all screwed. not really as container living doesn't really solve the real problem which is unaffordable land. Also no boomer would allow a container city anywhere near them. They need "breathing room" remember? Edited October 17, 2017 by @contradevian Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 17, 2017 Share Posted October 17, 2017 1 hour ago, Scramz said: CPI hit 5% in 2008 and 2011 with no rise in rates. Cant see this pushing them to do it now, and if so no more than .25%. Banks had just collapsed...they'd no intention of raising rates, savings rates of 5% were not uncommon...mortgage rates were high. Things have changed. Quote Link to comment Share on other sites More sharing options...
JustAnotherProle Posted October 17, 2017 Share Posted October 17, 2017 2 minutes ago, @contradevian said: not really as container living doesn't really solve the real problem which is unaffordable land. Also no boomer would allow a container city anywhere near them. They need "breathing room" remember? Whenever I see these stupid container type living BS I always think of this: Because that is where these ideas are heading if we aren't careful. As far as boomers, they will soon learn that denying others the luxuries they take for granted is only going to go one way in the end. Quote Link to comment Share on other sites More sharing options...
thewig Posted October 17, 2017 Share Posted October 17, 2017 1 hour ago, Nabby81 said: Yes 3% increase in pensions .. House prices are up again ( 5%) so inflation can't be that bad overall if people are still buying at increased prices so see no reason not up increase rates really ... except people don't buy houses with money, they buy them with DEBT. unless the two are finally the same thing Quote Link to comment Share on other sites More sharing options...
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