Tuesday, December 13, 2011

INflation latest

UK inflation rate falls to 4.8% in November

The rate of Consumer Prices Index (CPI) inflation in the UK fell to 4.8% during November, down from 5% the month before, according to the Office for National Statistics (ONS). The rate still remains well above the Bank of England's target of 2%. Retail Prices Index (RPI) inflation - which includes mortgage interest payments - fell to 5.2% from 5.4%. The fall was partly due to a slowdown in the rise in food and non-alcoholic drink prices.

Posted by jack c @ 10:32 AM (4279 views)
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16 thoughts on “INflation latest

  • That’s annualised, but it’s still rising:-

    CPI (all items) 121.2 from 121.0 previous month.

    RPI (all items) 238.5 from 238.0 previous month.

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  • Isn’t this moving sideways?

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  • these figures are always a fix

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  • yeh my food bill is at least 12% more than last month

    don’t believe this bull crap the ONS feed us

    i don’t think anyone does anymore

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  • “The fall was partly due to a slowdown in the rise in food and non-alcoholic drink prices.”

    Never mind bullsh*t, that’s horse sh*t.

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  • food is just going up and up and up…..

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  • @Mark, your food bill would be cheaper if you did not refuse to shop at Tesco.

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  • Tesco is more expensive, example £7 for 4 tins of tuna , costco £7.29 for 10 tins of tuna, makro £6.99 for 12 tins of tuna

    stop trying to stir

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  • morrisons 66p for a loaf of bread

    my local farm shop is around £2 per kilo cheaper than any supermarket for meat

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  • general congreve says:

    @8 – Relatively, Morrisons and Costco etc. have always been cheaper than the likes of Waitrose and Fortnum and Mason. Trading down to relatively cheaper brands means nothing in the overall context of rising prices.

    The rate I pay for a standard unit of gas is up 60% since last June! Just got the bill yesterday. Threat of deflation? F4ck off Merv.

    Anyway, these figures are all a fix and are just prep to tie in with the BoE’s recent statement that, ‘we’ll only QE more if inflation starts falling back towards target’. Well guys, what do ya know, better fire up the presses quick sharp!

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  • GC i was pointing out the reason for not using tescos to khards as he is trying to stir

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  • Could be that some of the ‘reduced inflation’ is due to increased competition from cash-strapped companies in the run-up to Xmas?
    In terms of non-food items, the chain stores all seem to be trying to out-discount each other at the moment, with BHS, M & S and John Lewis etc slashing prices on clothes, homeware etc. Can’t say this is normal for the time of year.

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  • they may be discounting but i dont see many shoppers out there, no doubt they will blame the wind or rain, maybe the bit of frost we have had

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  • general congreve says:

    @11 – Yep, I remember having to wait until the Boxing Day Sales and driving down all the way to Wales on Boxing Day to buy my first sofa at a healthy discount/Sensible price back in 2002.

    Now I could walk into any furniture store in spitting distance and get the same deal or better, in the run up to the biggest spend-a-thon in the Western calendar, as retailers desperately try to claw in some revenue to stay afloat until growth hopefully returns in 2012 (better make sure they get the winning side of the Turkey wishbone at Xmas!).

    Alas, I don’t need a sofa or anything right now, let alone Xmas tat. All I want for Xmas is a collapse of the financial system, so I don’t need to go back to work in 2012.

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  • @ gc – All I want for Xmas is a collapse of the financial system, so I don’t need to go back to work in 2012.

    I bet your family love xmas with you, (You old Grinch) happy xmas to you too 😉

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  • @14
    IMHO he’s not being a Grinch, but rather wants this farce of a ‘recovery’ to collapse, so that we can get to the still growing period to come when we have to pain for our excesses to get to a balances economy. Obviously those of us who hedge will be able to have a feast on all the much discounted assets.

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