Tuesday, Oct 10, 2006

And now, inflationary pressures are easing ...

FT.com: UK inflationary pressures easing

First inflation is set to rise and in the next minute it is set to fall. Can anyone find the holes in this article or are pressures starting to tail off? I get quite fed up trying to understanding why House Prices are continuing to climb when many indicators are suggesting they should be falling. Having read this Blog for the best past of 2 years - where is this sodding HPC then?

Posted by talking rot @ 12:37 PM (478 views)
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8 Comments

1. waitingfor hpc said...

To be quite honest - we know a lot of these statistics are wrong from the start. Best way to gauge inflation is on what you buy and that has gone up not down. Food, fuel, general bills. etc.
I work in the manufacturing sector and inflation HAS NOT gone away - we have passed on 25% price rises so far this year ... with more to come. ANd all the companies I deal with have had to do the same .. oil was at $30 a barrel.. even with the fall it is $60?
And lets not forget that when oil took of it took ages for mnfrs to pass it on in price rises - how come it has come down so quick - this is wishfull thinking in my humble opinion.
Also with raw materils going up all IMPORTS are going up in price - this is not just about oil.

Tuesday, October 10, 2006 12:54PM Report Comment
 

2. Surfgatinho said...

Not oil again:
If oil goes up inflation stays the same. If oil goes down inflation drops! Yeah right. I think even the BOE realise that oil might be a little volatile. Oil is not the only commodity used in manufacture either. Whilst many have dropped to some extent, oil has dropped much more extremely.
Also I'd have thought the UK were gross importers these days so a drop in factory gate prices is going to have less impact than it would have.

Tuesday, October 10, 2006 01:26PM Report Comment
 

3. Northernlad said...

me too, I work in manufacturing and it's getting tight. Prices up everywhere!

Tuesday, October 10, 2006 05:02PM Report Comment
 

4. Northernlad said...

...oh and the FT has a vested interest.

Tuesday, October 10, 2006 05:03PM Report Comment
 

5. Ticktock said...

With all due repect to Giles, this is just the weekly 'Chris Giles ray of sunshine' report. He must have a huge leveraged portfollio of something or other in order to warrent such a sacrifice in credibility. The man is relentless in his attempts at BOE coercion and contradicts himself every other week in order to do so.

The conclusion is ALWAYS no need to raise rates, and this will ALWAYS be his conclusion no matter what the economic circumstance.



Tuesday, October 10, 2006 05:37PM Report Comment
 

6. talking rot said...

Thanks guys

I was getting rather depressed earlier on.

Tuesday, October 10, 2006 08:45PM Report Comment
 

7. Ticktock said...

TR,

Put the luger down & step away from it man. Take a deep breath, and reapeat the phrase 'negative equity' 100 times.

There are few enough of us left as it is old boy!

Tuesday, October 10, 2006 09:51PM Report Comment
 

8. tyrellcorporation said...

...It's back in the drawer! ;)

Wednesday, October 11, 2006 08:47AM Report Comment
 

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