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

S P I Retail Figures Show Massive Surge In Price Inflation

Recommended Posts

http://www.theretailbulletin.co.uk/index.p...e=5&id=8873

Shop prices continue to rise

Wednesday September 6 2006

The BRC Shop Price Index (SPI) for August shows overall prices were 1.40% higher than in August 2005. This is the second month the inflation rate has shown an increase and is
substantially higher than the 0.69% increase in July.
The August SPI
inflation rate is the highest it has been since May 2004
when it was 1.53%. However, as last August saw heavy discounting, this month’s increase is artificially boosted by weak comparatives.

Conflicting data for Merv and the boys to consider over at Gordon's bank. I think there is a good chance he might "unexpectedly" hike again.

Share this post


Link to post
Share on other sites

http://uk.biz.yahoo.com/07092006/389/s-rea...-inflation.html

Thursday September 7, 10:47 AM

What's the real rate of inflation?

By Naomi Caine
Has the government got it wrong again? I am not talking about its policy in the Middle East or Tony Blair's exit strategy, but about inflation.
If you are following official price rises you will know that inflation went up in June to 2.5%, although it fell back a bit in July to 2.4%.
Inflation is running ahead of the Bank of England's target of 2%, but it's still pretty low. So why does everything seem so expensive these days? Has the government got its figures wrong?
....../
If the items and their weightings did not already skew the figures enough, there's the CPI's big omission: it does not include the costs of running a home such as council tax and mortgage interest. Now, my council tax bill is undoubtedly rising faster than inflation - and house prices might be slowing but they have certainly gone up by more than 2% a year over the past few years.
The old Retail Prices Index was better - and the current rate is 3.3%. But even that's a tad low.

Gordon is conning the sheeple and the BoE are going along with it. :angry:

Share this post


Link to post
Share on other sites

If the press keep this kind of speculation up then public awareness will increase and this should feed into future wage demands

Interesting times...

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.