Tuesday, Sep 15, 2015

Rigged

BBC News: UK inflation rate falls back to 0%

The UK's inflation rate fell to 0% in August, down from July's rate of 0.1%, the Office for National Statistics (ONS) has said. Inflation, as measured by the Consumer Prices Index, fell due to a smaller rise in clothing prices from a year ago and cheaper fuel prices, the ONS said. CPI inflation has been almost flat for the past seven months. Rising home prices don't count as inflation, of course, but those struggling to buy a home probably see it a bit differently.

Posted by quiet guy @ 08:04 PM (6260 views)
Add Comment
Report Article

12 Comments

1. cyril said...

Not for those poor sods who live in Mr Wilson's but to lets. He's putting their rents up by 30%.

Tuesday, September 15, 2015 07:50PM Report Comment
 

2. judgandury said...

'those poor sods who live in Mr Wilson's but'

That's put me off my cornflakes

Wednesday, September 16, 2015 06:21AM Report Comment
 

3. libertas said...

And it is about to fall below zero. As said, we may well see a panic rate cut within the next 12 months. Alternative, BOE may well feel that a bout of deflation is not harmful after all as it co-incides with higher economic growth, with rates held at 0% for maybe the next five years.

My feeling is that the currencies that will do well will be those who do not cut rates rather than those that do. For example, ECB may well cut more and have more QE, which will be dollar positive if the Fed maintains its current position.

Wednesday, September 16, 2015 09:10AM Report Comment
 

4. cornishman said...

RPI up to 1.1% from 1% last month.

HPI down to 5.2% from 5.7% last month.

Wednesday, September 16, 2015 11:23AM Report Comment
 

5. mark said...

inflation is Zero 0 in the fantasy heads of state

inflation is still high in the real world of the public who finance the government

not sure how much longer the whole charade can continue, we are in a property bubble , people are poor, whats next ?

Thursday, September 17, 2015 12:31PM Report Comment
 

6. jack c said...

Mark said, "not sure how much longer the whole charade can continue, we are in a property bubble , people are poor, what's next ?"

Japan's pacifist constitution altered, China building a Third South Sea China Sea Airstrip, North Korea issues a nuclear warning to US, Iran's supreme leader states that Israel will not exist in 25 years and the US presses Russia on a military build up in Syria.

A bit of a pattern developing perhaps?...............................

Thursday, September 17, 2015 12:53PM Report Comment
 

7. judgandury said...

"Japan's pacifist constitution altered, China building a Third South Sea China Sea Airstrip, North Korea issues a nuclear warning to US, Iran's supreme leader states that Israel will not exist in 25 years and the US presses Russia on a military build up in Syria".

And me enjoying a cup of tea. Show me a single time in the last hundred years when you couldn't put together a list like that. Being miserable seems to be a sport here.

I'm looking for a new house and there's not much on the market. That's the extent of my misery. I'm really enjoying the low inflation though. Finally replaced my tatty old golf clubs and they were cheaper than 15 years ago. Also saving a fortune in petrol. Result.

Thursday, September 17, 2015 01:29PM Report Comment
 

8. jack c said...

Cue the music..............................

I was happy in the haze of a drunken hour
but heaven knows I'm miserable now
I was looking for a house but I couldn't find a house
and heaven knows I'm miserable now

In my life
why do I give valuable time
to people who don't care if I live or die

Two lovers entwined pass me by
and heaven knows I'm miserable now
I was looking for a house but I couldn't find a house
and heaven knows I'm miserable now

In my life
why do I give valuable time
to people who don't care if I live or die

What she asked of me at the end of the day
Caligula would have blushed
"You've been the house too long" she said
and I naturally fled

In my life
why do I smile
at people who I'd much rather kick in the eye

I was happy in the haze of a drunken hour
but heaven knows I'm miserable now
"You've been the house too long" she said
and I naturally fled

In my life
why do I give valuable time
to people who don't care if I live or die

Thursday, September 17, 2015 02:35PM Report Comment
 

9. Phils said...

If the yanks wont raise their rates to 0.5%, why should the UK raise theirs from that level anytime soon when inflation is zero?

Friday, September 18, 2015 08:09AM Report Comment
 

10. phils said...

If the yanks wont raise their rates to 0.5%, why should the UK raise theirs from that level anytime soon when inflation is zero?

Friday, September 18, 2015 08:09AM Report Comment
 

11. mark said...

one question - if people cannot save for a deposit and their rents keep going up what happens when rents are no longer affordable ? In some areas this is looking very likely very soon

whilst we are talking about this it appears Fracking is OK on greenbelt but building houses isn't - what was cameron going on about a while back oh yeh community spirit hmmm another lying politician

Friday, September 18, 2015 08:47AM Report Comment
 

12. sibley's b'stard child said...

I look forward to the day when HP indices are reported with the same tone.

"Hard pressed workers will be further buoyed by the news that the average house price fell 10% YoY"

Friday, September 18, 2015 01:06PM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies