Jump to content
House Price Crash Forum
Sign in to follow this  
Sledgehead

Inflation : A Quick Reality Check

Recommended Posts

The official inflation rate (CPI) fell this month .... but why ...

Although household energey bills are hitting double digit inflation, the overal inflation rate was depressed by luxury items, notably overseas flights, which are showing year on year deflation of 10% (note - aviation fuel is tax free).

SO, inflation, which measures the change in the COST OF LIVING IN THE UK includes FLIGHTS ABROAD, but not HOUSING COSTS IN THE UK.

:lol::lol::lol::lol::lol:

The fact is the government are so deperate to present low inflation figures (and thus keep interest rates low) that it is only a matter of time b4 we include "cost of shopping in Milan" in the official "UK cost of living" stats! (but only if deflationary)

:lol::lol::lol::lol::lol:

____________________________________

(I know the ex-housing nature of CPI has been mentioned b4, but I thought the abroad twist was a nice addition - one for down the pub conversations).

Edited by Sledgehead

Share this post


Link to post
Share on other sites

The official inflation rate (CPI) fell this month .... but why ...

Although household energey bills are hitting double digit inflation, the overal rate was depressed by luxury items, notably including overseas flights, which are showing year on year deflation of 10% (note - aviation fuel is tax free).

SO, inflation, which measures the change in the COST OF LIVING IN THE UK includes FLIGHTS ABROAD, but not HOUSING COSTS IN THE UK.

:lol::lol::lol::lol::lol:

The fact is the government are so deperate to present low inflation figures (and thus keep interest rates low) that it is only a matter of time b4 we include "cost of shopping in Milan" in the official "UK cost of living" stats! (but only if is deflationary)

:lol::lol::lol::lol::lol:

____________________________________

(I know the ex-housing nature of CPI has been mentioned b4, but I thought the abroad twist was a nice addition - one for down the pub conversations).

Gordon's Golden Rule for keeping CPI down: do not include inflationary items in the basket.

Share this post


Link to post
Share on other sites
Guest Riser

Gordon's Golden Rule for keeping CPI down: do not include inflationary items in the basket.

Is anyone aware of any body which publishes an un biased measure of inflation in the UK. Would it be worth considering starting our own ?

We would need to identify three steriotypical families and break down their monthly spending on tax, fuel, food, housing and consumables into a number of producs whose price may be tracked each month.

A monthly "Real inflation Index" sounds like just the sort of thing our new owners FUBRA could get involved in ;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.