Saturday, March 19, 2011

U.K. Inflation Probably Accelerated to 4.2%

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UK CPI inflation rose 4.2% from a year earlier compared with the 4% increase in January, according to the median forecast of 32 economists in a Bloomberg News survey. The Office for National Statistics in London will publish the data at 9:30 a.m. on March 22.

Posted by little professor @ 09:39 AM (2273 views)
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14 thoughts on “U.K. Inflation Probably Accelerated to 4.2%

  • little professor says:

    Eek, got my titles the wrong way round. But you know what I meant.

    I’m betting CPI will ‘unexpectedly’ rise to 4.4%; RPI will be fairly steady at 5.2%

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  • lp – I too am expecting the “unexpected”.

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  • and then dog breath will say, ”it will fall back in two years”

    silly old s0d

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  • mark wadsworth says:

    What HPW says.

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  • I am betting CPI drops to 3.9%.

    Mervyn and the team on the MPC are paid a massive amount of money to get it right and if they say that Inflation is transitory and will fall back quickly, we have to trust them, don’t we? After all, they DO have a target of 2% and we will surely get there sometime soon, won’t we?

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  • Mervyn and the team on the MPC are paid a massive amount of money to get it right

    They have been so wrong in the past, why aren’t we getting our money back?

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  • markj69 str05 says:

    He’s like a broken clock, only a clock is right twice a day. He’ll be right one day, but not of his own doing.

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  • who are Mervyn & the MPC actually accountable to? how do you get them out?

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  • Keep trashing the £ Merv. 😉

    I love it when certain people become so predictable.

    That’s why I never entertained the idea of deflation for a minute. Let’s get the QE lead collapse out of the way first.

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  • try 20% for my car insurance

    very interesting article about food inflation in the sunday times today, regarding shrinking packets and contents to give the impression the prices are not going up

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  • 8. mark said…try 20% for my car insurance

    ~ You did well. most are paying around 30%. Can someone explain why the hell does one accrue no claims bonuses????

    Humbug!

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  • The official figures are ALWAYS understated. See the Shadowstats site. It’s for the US, but the same fiddles apply here too.

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  • general congreve says:

    @8 – Yep, check out ‘Innocent’ orange juice, now in handy 900ml and 1.35L plastic bottles. Apparently the ‘no plastic packaging’ environmental policy has also been thrown out with the down-sizing, for extra inflation-busting efficiency.

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  • GC i think pepsi bought innocent expect to see it in cans soon lol

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