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Realistbear

Sunday Times: This Weeks "inflation Data Will Calm Rate Fears"

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http://business.timesonline.co.uk/article/...2309887,00.html

Business
The Sunday Times
August 13, 2006
Inflation data will calm rate fears
David Smith,Economics Editor
AFTER last week’s warning from the Bank of England that inflation could top 3% in the next few months, some respite will come with this week’s official figures.
The inflation rate in July is expected to have stayed close to June’s 2.5% rate, ahead of its predicted rise in the autumn on the back of higher domestic energy prices and increased university tuition fees.
This is in contrast to America, where inflation is expected to rise again, triggering worries that this month’s pause in interest rates by the Federal Reserve will only be temporary.

They sound like they already know something. Has Gordon already adjusted the CPI data? :ph34r:

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The inflation rate in July is expected to have stayed close to June’s 2.5% rate

Just like they 'expected' rates to stay on hold this month.

Dames :P

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that david smith seems to have a personal agenda when it comes to interest rate rises. he is completely impatial. all the other papers and analyists are reading that another rise will come in nov . time and again he fiddles all the figures he can when it comes to backing browns economic miracle.

is he highly geared up on the btl scene?

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Guest The_Oldie

"According to a survey of analysts by Ideaglobal.com, the financial research company, the median expectation is for a 7-1 vote for the hike."

Is it just me who spots a problem here?

Only seven currently on the MPC?

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that david smith seems to have a personal agenda when it comes to interest rate rises. he is completely impatial. all the other papers and analyists are reading that another rise will come in nov . time and again he fiddles all the figures he can when it comes to backing browns economic miracle.

is he highly geared up on the btl scene?

he is, quite literally, a cheerleader for the government. When he sits down to write his pieces, he is dressed in a rather fetching little skirt and leotard combination, his flow only disturbed by the occasional high kick knocking his laptop into the air. He sometimes suffers from the occasional typo due to the pom-poms obstructing the keyboard.

In the background, "things can only get better" on repeat, and posters of the dreamboats in the cabinet and the treasury (in full kit) cover the walls.

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Consumer price indices

August 2005

Index (1996 =100) % change

Mar 112.7		 1.9 Apr 113.1		 1.9 May 113.5		 1.9 Jun 113.5		 2.0 Jul 113.6		 2.3 Aug 114.0		 2.4 

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The article is by David Smith, this guy has consistently underestimated inflation of late. He predicted no rate rise this month when we got one. He predicted last year that oil would fall.

One would probably take the above into account before reading too much into the article.

:D

Edited by werewolves

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I, for one, don't have any fears about inflation; I know that it is a grand lie but that lie is slowly unwinding. If CPI is rising so rapidly even though it's an artificial representation of goods then just think how bad it must really be. Expect the interest rate to be 5.5% by this time next year with recession dominating the headlines.

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CPI won't be below 2.8% for July.

As I mentioned in another thread, the deflationary effect of clothing drops out of the calculations this month (prices have been static for 12 months instead of continuing downwards). This alone will add 0.3% to CPI unless the price of clothes in deemed to have dropped by 5% since June 06.

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CPI won't be below 2.8% for July.

As I mentioned in another thread, the deflationary effect of clothing drops out of the calculations this month (prices have been static for 12 months instead of continuing downwards). This alone will add 0.3% to CPI unless the price of clothes in deemed to have dropped by 5% since June 06.

Well there have been a lot of summer sales... :ph34r:

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If the Chinese Yuan is revalued it will make imported goods (just about everything we buy these days) more expensive and cause Gordon to adjust the basket with goods from somewhere where the curreny is being devalued--Zimbabwe?

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  • 302 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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