Inflation

[ladymuck]

On more personal note, this inflation is p*ng me off. Got about £40k in cash and no idea what to do with it. All investments I have made in last 6 months have lost value. Not much point locking away for 5 years in savings account that pays 1.5%. Spending some on improving house but otherwise, I dunno. Spend it on hookers I suppose.

I'm sure Tarby can give you a hot tip on the gee gees

[GJABS]

The cost of cake sprinkles were reduced hence they are now in the basket of goods to calculate inflation

So are they now 1000000's and 1000000000's? (millions and billions).

[Protagoras]

Arguably the money supply has increased from all the bailout QE, Brexit QE, covid QE. If one subscribes to the theory that QE money leaks into the 'real' economy and doesn't stick on the balance sheet of a finance company then this causes inflation. Personally, this is my view, although I admit there are counter arguments.

Then add a supply side shock - food, fuel etc supply constraints. Add tax receipt loss from Brexit. Add UK low productivity.

I understand that people want pay rises, but public sector pay rises will either require more debt (seen the figures this morning for May?) or fewer workers. I can't see how the private sector can sustainably fund this public sector.

How do we fix this mess, short of a recession / depression? I'm expecting a re-run of the 1980s, only worse.

[d000hg]

Inflation aside, the energy price crisis is really quite scary. I saw on MSE they are now expecting a further 52% increase in autumn rather than 40% previously anticipated, and that this will last longer.

If we get a bad winter (what are the odds) this will go beyond being just 'difficult' and for more than just a small fraction of the population too.

[Smartie]

Ah, see what you did there.

You misused the statistics to make your point as you're quoting the rate of change of the rate of interest.
I see how it makes the UK look a lot better relative to reality though.

In fact, the actual rate inflation in Israel is only around 4% which is a fair bit lower than the UK's 9.1%

We don't care how fast it changed from a negative value in 2020 to it's current value - it's simply not relevant.

to quote my old mate Gordon B'Ruin

"its a global problem"

[vetran]

Then add a supply side shock - food, fuel etc supply constraints. Add tax receipt loss from Brexit. Add UK low productivity.

hmm

https://www.gov.uk/government/statis...nthly-bulletin

only falling YOY tax receipts are Air Passenger Duty and Alcohol are those really Brexit induced?

I do wish people would look at the figures.

[Protagoras]

hmm

https://www.gov.uk/government/statis...nthly-bulletin
I do wish people would look at the figures.

That will teach me to believe what I'm told, I should have fact-checked this myself.

[DealorNoDeal]

Ah, see what you did there.

You misused the statistics to make your point as you're quoting the rate of change of the rate of interest.
I see how it makes the UK look a lot better relative to reality though.

In fact, the actual rate inflation in Israel is only around 4% which is a fair bit lower than the UK's 9.1%

We don't care how fast it changed from a negative value in 2020 to it's current value - it's simply not relevant.

Any reference to the B word seems to bring out the inner politician in him.

[vetran]

Ah, see what you did there.

You misused the statistics to make your point as you're quoting the rate of change of the rate of interest.
I see how it makes the UK look a lot better relative to reality though.

In fact, the actual rate inflation in Israel is only around 4% which is a fair bit lower than the UK's 9.1%

We don't care how fast it changed from a negative value in 2020 to it's current value - it's simply not relevant.

Yes that was a bit naughty

Try these because 9.1% is so much worse than 7.9 (germany) , 8.7(Spain) or 8.8 (Netherlands) that must be the Brexit effect.

It is of course better than 11.3% (Greece) , 13.9(Poland) or 73.5 (Turkey)

https://tradingeconomics.com/country...ontinent=world

[Paddy]

UK is still among the most expensive for road fuel

https://autotraveler.ru/en/spravka/f...l#.YrR1g3bMIdU