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Cpi - 2.5%!

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Gordo said he would do anything necessary to keep the miracle economy afloat. So I wouldn't say there will be no IR cuts.

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what's RPI up to ? just bought some more NS & I

Looks like the site is down at the mo. Too many of you lot trying to get on, I suspect !!!! Either that, or 11 Downing St is launching a Denial of Service attack on it !!!

No - its on the BBC now. RPI STAYS at 4.1% !! How convienient. How untrue !!!

Edited by SpewLabour

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Guest DissipatedYouthIsValuable

Praise be! The miracle index of inflation.

A spokesman for the ONS later told journalists, "Pregnancy lasts about a week"

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How can inflation be 2.5%. Where do these guys do their shopping????

(Weighted) GEOMETRIC MEAN! Enough said?

Edited by A.steve

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How can inflation be 2.5%. Where do these guys do their shopping????

It's those new discounted muffins and memory sticks what did it !!!

RedAlert - beat me to it. Damn.

Edited by SpewLabour

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ONS Press Release

Gas and electricity price

rises fuel inflation

Figures from the Office for National Statistics today show that the

consumer prices index (CPI) annual inflation – the Government’s

target measure – was 2.5 per cent in February up from 2.2 per cent in

January.

The largest upward pressure came from housing and household

services as recent gas and electricity price rises took effect.

Part of the impact for this upward pressure came from a change in the

way prices are recorded. Last year energy price changes were

phased in gradually over a four month period but now any increases in

the tariff rate are implemented in full at the time they are introduced by

the energy company.

There was also a small upward effect on the inflation rate from alcohol

and tobacco with cigarette and beer prices rising by more than a year

ago.

Another upward contribution came from recording media such as prerecorded

DVDs, although this was partly offset by downward

contributions from games, toys and hobbies, and cultural services,

such as live music events.

There was a small upward effect from milk, cheese and egg prices

which rose by 17.6 per cent, the largest increase since records began

in 1997.

The largest downward contribution came from food and non-alcoholic

beverages, particularly fruit and vegetables. Vegetable prices rose by

less than a year ago and fruit prices fell compared with a rise a year

ago, with the largest impact coming from strawberries.

Other downward contributions came from air and sea fares which

rose by less than a year ago and a fall in landline telephone charges.

The retail prices index (RPI) inflation figures for February show no

change from January at 4.1 per cent.

The main factors affecting the CPI also affected the RPI, but in the

RPI there were offsetting effects from mortgage interest payments,

which have risen by less than a year ago, and from house

depreciation.

RPIX inflation – the all items RPI excluding mortgage interest

payments – was 3.7 per cent in February, up from 3.4 per cent in

January.

As an internationally comparable measure of inflation, the CPI shows

that the UK inflation rate in February, at 2.5 per cent, was below the

provisional figure for the European Union as a whole of 3.4 per cent.

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Get in there :lol:

This is just the start, remember EU was 3.3% last week

Darling/Brown will be on the blower to Merv begging, personally I think he will tell them where to go, especially as he's been signed up for another 5 years

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Pardon my ignorance, but would someone explain how CPI could increase, but RPI stay the same? :blink:

I obviously don't understand How Things Work.

One plausible explanation (N.B. I'm not claiming this to be fact, just mentioning that it would be technically possible) would be a substantial fall in property rental costs. Rental costs are included in RPI and not CPI (alongside a number of other items) and in the last annual weight adjustment was given far greater prominence relative to the other items in the RPI basket.

Edited by A.steve

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Guest DissipatedYouthIsValuable
It's those new discounted muffins and memory sticks what did it !!!

RedAlert - beat me to it. Damn.

I'm making a small shrine in my lounge to praise the power of muffins and memory sticks.

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Don't worry fellas.. we can keep printing money with reckless abandon cause deflation ..is..just.. around..the...corner...... soon... its ...its.. coming.... ..just...not...yet...,it seems..but its coming... :rolleyes:

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No no no no, core inflation was only 1.2%*

This 2.5% is simply the wrong kind of inflation, nothing to see here.

*stripping out everything, you've never had it so cheap!

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Surely the modern day equivalent of 'let them eat cake'?

More like "let them eat overpriced cake-like items, loaded with chemicals and with zero nutritional value".

Doesn't have the quite the same ring to it though :lol:

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  1. Energy prices rise 15%
  2. Price of oil has increased by over 120% over the past 15 months.
  3. Annual food price inflation rose its highest since June 2001
  4. Crude oil prices rose to new highs near to 112 US dollars a barrel yesterday, forcing the cost of petrol at the forecourts up to 106.7p a litre, with diesel at 113.9p, according to latest figures from the AA.
  5. Council tax rise is/has been 'double inflation rate'

but magically official rate of inflation is still only 2.5% - corruption at its best!

I'm surprised they have not included the price of Sony LCD TV, I am about to buy, in CPI figures. It was £650 a few months ago, and still is if you order from the official website, but now you can get it for £463 that is a reduction of 29%. How did these muppets fail to take it into account?

Edited by It is different this time

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  • 295 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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