Tuesday, January 15, 2008

The office for made up statistics

Inflation steady in December

LONDON (Reuters) - Annual consumer price inflation held at 2.1 percent as expected in December, above the Bank of England's target for the third month running, official data showed on Tuesday. The Office for National Statistics said consumer prices rose 0.6 percent last month, the biggest monthly gain in a year, keeping the annual rate at 2.1 percent.

Posted by jack c @ 09:22 AM (1362 views)
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17 thoughts on “The office for made up statistics

  • What planet are these people from? Everything I look at, has gone up dramatically, liars, liars, liars.

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  • tyrellcorporation says:

    LOL! 🙂 Excellent… this is laughable now, they’ve lost all credibilty and in any case real inflation is acting like high interest rates anyway. The British people have run out of money to spend.

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  • no rising food prices here

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  • disillusioned says:

    Much as I acknowledge that inflation is far above the official figure, I still believe that the majority of people believe the figure of 2.1% is correct or think inflation isn’t far from it. Shame really, but they’ll come round eventually.

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  • It stayed steady due to the falling price of Leather Sofas and Kitchen Units! Unbelieveable! It doesn’t matter that food prices have risen, or fuel or power or train tickets have all had double digit inflation increases. I trust that the MPs vote for am inflation salary inccrease.

    Oh look at that flock of pigs!

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  • All very well just lying quarter after quarter but what happens after say the real figure of 10%+ is compounded year after year? People wake up one morning and realise that their standard of living has gone down the pan and also public services grind to a halt because of strikes.

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  • Brown was absolutely determined that inflation was going to stay at around 2%.

    I think most people realise that the cost of living is going right up……

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  • C'mon Correction says:

    TC – you’re right, this is laughable now. I’m sorry but this just can not be true.

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  • Brown said in his january press conference that he planned to have inflation pegged at 2% by the end of the year, but there are 12 long months between now nd then for him to let inflation go up, by lowering interest rates and then bring it back down when liquidity and credit is freed up by the big banks, by raising rates. He’s tricksy, its a gamble, but it may pay-off if he has read the market well-enough.

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  • ‘There was also downward price pressure last month from reduced furniture prices, particularly for kitchen units and leather sofas.’

    Yeah, like we all go out and buy kitchen units and sofa’s everyday of the week!! Come on ONS, we are not mugs!! Start factoring in everyday prices like petrol, food, council tax, household insurance, Sky TV and of course MORTGAGES!!

    Seriously, I really despair at these statistics, if we base financial and economical decisions on this load of tosh then this lot will be leading us into oblivion……….

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  • @Bystander

    Gordon brown is brilliant at reading markets, look how well he did when he sold our Gold at the bottom of the market.

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  • Thankfully my weekly furniture shop is making up for the weekly food bill.

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  • “There was also downward pressure on prices from furniture, particularly kitchen units and leather sofas.”

    Ahhhh, that all makes complete sense now. I buy new kitchen units every week!!

    This is risible.

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  • “The biggest downward effect impact came from utility bills, which rose by less than they did in the same period last year”

    This implies that the index is measuring changes in prices this year against changes in prices last year, not prices this year against prices last year.

    Is this bad reporting, or is the CPI now measuring 2nd derivatives?

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  • I’ve just had a delivery of heating oil and it came in 33% higher than our previous delivery just 5 months ago. It’s quite clear now that new liebour is incapable of telling the truth and that the whole UK economy is based on debt, deceit and smokescreens. I fear that the coming turmoil (we have even scratched the surface yet) is going to be much harder than I expected. There will have to be major cuts in government spending – although I suspect GB will leave it to the Tories to clean up the mess he made. The man is only interested in maintaining power and is frankly a traitor to this country – as was Tony Bliar.

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  • little professor says:

    What a joke.

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  • Oh yeah, right oh Gordon. Gordon Brown’s arrogance knows no bounds and this is evidenced once again with these inflation figures that bear no relation to the truth. But some good is starting to emerge, and this is that the great Labour inflation con trick is starting to be seen for what it is, a complete lie. This is evidenced by the Police unrest over there pay offer, and now both unrest/strike action being likely from both the prison service and from what i can see today from teachers as well.

    I thought we were in for a winter of discontent, but my timing was out. It looks more like Spring/Summer of dis-content.

    PS, for a laugh i had a look at the Labour web site yesterday, and i viewed comments posted by Party Members. one party member gave Brown a real hammering saying that this year
    the myth around Brown’s handling of the economy was about to be un-masked to the masses for what it really was – a complete shamble. And this was a comment from a Labour party member.

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