CPI 4.2%
RPI 6.0%
https://www.ons.gov.uk/economy/inflationandpriceindices
Steve
PS Smile bank offers a savings rate of 0.03% but for Smile customers, goes up to a whopping 0.09%!
![Laughing :lol:](./images/smilies/icon_lol.gif)
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stevensfo wrote:October figures:
CPI 4.2%
RPI 6.0%
:
stevensfo wrote:October figures:
CPI 4.2%
RPI 6.0%
https://www.ons.gov.uk/economy/inflationandpriceindices
Steve
PS Smile bank offers a savings rate of 0.03% but for Smile customers, goes up to a whopping 0.09%!
gryffron wrote: Which haven't gone up. So why is RPI so high?
stevensfo wrote:October figures:
CPI 4.2%
RPI 6.0%
https://www.ons.gov.uk/economy/inflationandpriceindices
Steve
PS Smile bank offers a savings rate of 0.03% but for Smile customers, goes up to a whopping 0.09%!
yorkshirelad1 wrote:And I offer the concept of invisible inflation. You want a carton of orange juice, you usually buy own label. Due to shortages, there is a gap on the shelf where that is stocked, so you are seduced into buying the premium OJ, which is twice the price. Prices of the items haven't gone up, what you pay for the item you want has gone up ....
If the product ceases to be available, a replacement product is chosen and quality adjustment may be required.
Arborbridge wrote:And whichever way you look at it, the Tories were both lucky and snide to give go back on the triple lock, with pensions going up 3.1% (so I'v been told). You could say the Treasury were lucky that inflation didn't take off earlier, as it will not show up in the new pension amount, yet the costs for pensioners will. So instead of a one-off chance to allow pensions to catch up little, the opposite has happened.
Arb.
stevensfo wrote:October figures:
CPI 4.2%
RPI 6.0%
https://www.ons.gov.uk/economy/inflationandpriceindices
Steve
PS Smile bank offers a savings rate of 0.03% but for Smile customers, goes up to a whopping 0.09%!
stevensfo wrote:November figures released today: https://www.ons.gov.uk/economy/inflationandpriceindices
CPI 5.1%
RPI 7.1% !!!
MDW1954 wrote:It's reasonably well known hereabouts that I'm Motley Fool columnist (and paid-for-service analyst) Malcolm Wheatley. I've been writing publicly since the summer saying that the Bank of England have got inflation wrong, and were being far too sanguine about it. Andrew Bailey disagreed with Andy Haldane, and has been proved wrong.
I've been expecting CPI to exceed 6% in the next couple of months, and have been saying so.
This is the disastrous 2007 fantail projection all over again.
The sad thing is this: what do I know? My PhD is in the field of microeconomics, not macroeconomics. I'd say I was pretty rubbish at macroeconomics. But you don't need to be good at it to remember the 1970s and early 80s.
MDW1954
ReformedCharacter wrote:.. apart from anything else it seems to me that the cost of energy will rise considerably over the coming years and that will have a significant inflationary stimulus beyond the short term.
ReformedCharacter wrote:You're right, apart from anything else it seems to me that the cost of energy will rise considerably over the coming years and that will have a significant inflationary stimulus beyond the short term.
RC
scrumpyjack wrote:Andrew Bailey sadly is woefully inadequate in his job.
scrumpyjack wrote:Andrew Bailey sadly is woefully inadequate in his job.
BT63 wrote:scrumpyjack wrote:Andrew Bailey sadly is woefully inadequate in his job.
Are there any central bankers who seem competent?
I can't think of any for decades.
They all apply too much stimulus for too long, which leads to distortions which causes boom and bust cycles about once per decade.
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