Tuesday, Oct 17, 2006

Official CPI inflation stats for month

Bloomberg: U.K. Inflation Held Above Target for Fifth Month (Update3)

Rather unsuprisingly, confirmation that the goods which were offsetting oil price rises are now starting to offset the oil price falls so inflation is much unchanged month on month. Money markets are priced in at 90% for a November rise.

Posted by autopilotengage @ 12:57 PM (506 views)
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12 Comments

1. autopilotengage said...

Apologies that this is much the same story as yesterday's Reuters article though this one has a little more in depth analysis.

Tuesday, October 17, 2006 01:09PM Report Comment
 

2. Boarder said...

Well I have noticed that my "weekly" 42inch LCD TV purchase costs have gone up. Seriously though I have noticed that we may be at the end of era of defaltionary pressure from Chinese goods allowing the state to fiddle the real UK inflation figures.

Tuesday, October 17, 2006 01:46PM Report Comment
 

3. inbreda said...

Merv needs to write a letter after 3 months and in my opinion be shot after 5.

Tuesday, October 17, 2006 05:42PM Report Comment
 

4. harold said...

"U.K inflation held above target for 5th month".

Err... so the reason for not raising rates in October was? Quite clearly the target of 2% is just a figure that GB feels will play well with the media and public. "Yes, 2% is a nice low target that gives the impression of stability and prudence." Meanwhile even when their own fiddled figures overshoot, do they bother doing anything about it? Basically they're just taking the p*** out of savers and people who live within their means. Sickening really.

BTW are the October minutes out yet?

Tuesday, October 17, 2006 06:48PM Report Comment
 

5. Maggots said...

opec are talking of reducing oil production so this fall ,in the words of mr king does "look tempoary"as oil prices set to rebound.

Tuesday, October 17, 2006 07:12PM Report Comment
 

6. indiablue19 said...

Inbreda,

If it weren't for your comments I would never get to laugh at all anymore.

Tuesday, October 17, 2006 11:02PM Report Comment
 

7. paul said...

Yeah the truth is so sickening that you have to laugh.

I'm in Japan on business and I'll tell you what, over here the future for the UK is thought by most to be a dark place. Plummeting birthrates that can only be offset by importing poorer people, chronic lack of decent housing, no exports to speak of and soaring unemployment?

Pass me another beer.

Wednesday, October 18, 2006 01:09PM Report Comment
 

8. inbreda said...

Paul - don't let waitingforHPC hear you talk of immigration as necessary - he'd never forgive you!

Wednesday, October 18, 2006 02:01PM Report Comment
 

9. inbreda said...

Sorry, I shouldn't be responsible for silly digressions. My apologies to all.

Wednesday, October 18, 2006 02:01PM Report Comment
 

10. waitingfor hpc said...

Controlled and regulated importing of people for jobs is healthy and the UK has always done that - for many many years. An open door policy for ANYONE leads only to social unrest and trouble. If we are here still waiting on a HPC in another few years you will see that too - I already do in my job.

Yes and of course it would be a silly digression. Immigration has driven down the salaries on UK workers .. that is a fact .. it has driven down inflation .. fact .... and therefore has fuelled HPI ... fact. It is related. My concern is that our welfare state is on it's knees without new people to house, treat, and feed.

But what would i know - my partner is a Doctor for the NHS treating ASYLM SEEKERS - (which is a seperate digression not for this site which i have an issue with - which is still immigration of a different sort) and I run a factory employing many foreign workers (and like them a lot).
INFACT we in our factory now turn away UK workers as they are lazy, want more money and do not have the same work ethic - where do they go - on benefits - or long term sick - i have watched it happen. (Hence the figures above going up). And the foreign workers are still coming - we have car loads every day asking for jobs - i joke not. They will not stop coming as unemployment goes up FACT.

But now they want office jobs as accountants and the like - they want your job inbreda - i guess you have one? And whats more they will do it for a lot lot less than you - FACT - i have IT guy who wanted half the UK rate.

but I also live in London and see the other side - those that have not come here for work. And hear stories from guys in my factory who get turned away from housing, benefits etc because immigrants are top of the queue.

So if you wish to bring this up (which you have ) first check the facts - and be aware that I speak from experience. And i could type pages on what is going on that would seem unfair to anyone who has lived and payed taxes in the UK - black - green - yellow - brown - anyone.

Now I did not start this and want to get back to topic of HPC but felt it only fair to outline my position before the leftist's accuse me of racism or god only knows what else.

Wednesday, October 18, 2006 03:48PM Report Comment
 

11. Ticktock said...

Waiting,

So why do you employ these foreign workers if you don't think that its right?

The importation of slave labour is the final act of betrayel for the British Working Class. The Middle class will reap the concequences of their own selfish desire for cheap services.

We simply won't/ can't work for peanuts The cost of living in Britain prevents even those who may be of a mind to prostitute them selves cheaply from actually doing so. So, either taxes will become astronomical, or you will have a very dangerous, rapidly growing, increasingly Nationalistic, diss-effected underclass, to control.

Wednesday, October 18, 2006 04:23PM Report Comment
 

12. Chillilizard said...

waitingforhpc - very interesting!!

I notice there are forums on the site for topics not HPC. (Gold being one) So maybe add one, if you have the inclination.

Wednesday, October 18, 2006 04:54PM Report Comment
 

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