Waistband inflation!Euler wrote:I just got a booker card through the post so I can now purchase 48 creme eggs for £12.98! My food bill is in a deflationary spiral.
Inflation
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oddstrader
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'UK inflation expected to be double target rate':
http://www.telegraph.co.uk/finance/econ ... -rate.html
I wonder whether Mervyn King, in his 10th letter to the Chancellor to explain why inflation is above target, will yet again blame unexpected one-off events...
Jeff
http://www.telegraph.co.uk/finance/econ ... -rate.html
I wonder whether Mervyn King, in his 10th letter to the Chancellor to explain why inflation is above target, will yet again blame unexpected one-off events...
Jeff
UK inflation in January was 4% (up on December's figure and double the target):
http://www.bbc.co.uk/news/business-12462901
Jeff
http://www.bbc.co.uk/news/business-12462901
Jeff
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oddstrader
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Blaming exceptional external high costs such as oil,
Inflation up, what a surprise. But no doubt due to one off effects.
http://www.bbc.co.uk/news/business-12462901
http://www.bbc.co.uk/news/business-12462901
One off events seems to be the central banker equivalent of 'the dog ate my homework'!
The Bank of England's responsibility is to control inflation, not to look at the wider economic picture. So by not raising interest rates, it's effectively exceeding its remit IMHO.
Jeff
The Bank of England's responsibility is to control inflation, not to look at the wider economic picture. So by not raising interest rates, it's effectively exceeding its remit IMHO.
Jeff
Euler wrote:Inflation up, what a surprise. By no doubt due to one off effects.
http://www.bbc.co.uk/news/business-12462901
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oddstrader
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- Joined: Fri Apr 16, 2010 4:55 pm
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[quote="Ferru123"]One off events seems to be the central banker equivalent of 'the dog ate my homework'!
The Bank of England's responsibility is to control inflation, not to look at the wider economic picture. So by not raising interest rates, it's effectively exceeding its remit IMHO.
Jeff
The Bank of England's responsibility is to control inflation, not to look at the wider economic picture. So by not raising interest rates, it's effectively exceeding its remit IMHO.
Jeff
Oil price rises may be the biggest threat to the economic recovery IMHO, unless things get sorted out in the Middle East quickly:
http://www.bbc.co.uk/news/business-12563063
Oil has already risen today as much as it did all day yesterday!
Jeff
http://www.bbc.co.uk/news/business-12563063
Oil has already risen today as much as it did all day yesterday!
Jeff
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oddstrader
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not great if your exposed to it, airlines etc, i know they are propably hedged but 
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oddstrader
- Posts: 344
- Joined: Fri Apr 16, 2010 4:55 pm
- Location: Surrey
[quote="Ferru123"]It could also push up the prices in shops, if the haulage costs increase.
Jeff
So vat is up 2.5% which has in turn pushed up the prices of most goods by at least this amount however I know from some people where the price has increased because of the vat to say £2.76 they have in turn rounded it up to £2.79 and so on, so the real increase from the vat is most likely a lot higher !
So the average family in the average house has seen their utility bills increase their food bills increase, clothing bill increase , trip to the cinema etc etc, it now costs them a lot more to drive to work and one of them is gone from full time to part time because of the job climate, they are earning less and living is costing them a lot more, interest rates are likely to rise in most peoples opinion so does all this mean we are facing a serious property price correction? Or am I being too pessimistic ?
O
Jeff
So vat is up 2.5% which has in turn pushed up the prices of most goods by at least this amount however I know from some people where the price has increased because of the vat to say £2.76 they have in turn rounded it up to £2.79 and so on, so the real increase from the vat is most likely a lot higher !
So the average family in the average house has seen their utility bills increase their food bills increase, clothing bill increase , trip to the cinema etc etc, it now costs them a lot more to drive to work and one of them is gone from full time to part time because of the job climate, they are earning less and living is costing them a lot more, interest rates are likely to rise in most peoples opinion so does all this mean we are facing a serious property price correction? Or am I being too pessimistic ?
O
I think that about sums it up.
And cuts in housing benefit won't benefit people who are having trouble paying their mortgage when interest rates rise.
Jeff
And cuts in housing benefit won't benefit people who are having trouble paying their mortgage when interest rates rise.
Jeff
oddstrader wrote: So vat is up 2.5% which has in turn pushed up the prices of most goods by at least this amount however I know from some people where the price has increased because of the vat to say £2.76 they have in turn rounded it up to £2.79 and so on, so the real increase from the vat is most likely a lot higher !
So the average family in the average house has seen their utility bills increase their food bills increase, clothing bill increase , trip to the cinema etc etc, it now costs them a lot more to drive to work and one of them is gone from full time to part time because of the job climate, they are earning less and living is costing them a lot more, interest rates are likely to rise in most peoples opinion so does all this mean we are facing a serious property price correction? Or am I being too pessimistic ?
O