Inflation

[DimPrawn]

Price inflation of goods leaving UK factories reached its highest rate in 16 years in December, spurred by higher fuel and food costs, figures suggest.

Annual output price inflation reached 5% last month, up from 4.5% in November, the Office for National Statistics (ONS) said.

This is the highest rate of inflation on prices charged by manufacturers since August 1991, when it hit 5.2%.

However, analysts said interest rates were still set to be cut in February.

[Sockpuppet]

Fookers.....cheap credit is not the way.

Sockpuppet in "the crash seemed so close" mode.

[BrowneIssue]

"CPI annual inflation – the Government's target measure – was 2.1 per cent in November, unchanged from October" so the other inflation figures don't count.

So we're OK. Prices aren't going up. Not much, anyway. The government said so.

There's some good stuff here.

[Ardesco]

When they start taking electric goods (which plummet with value after a year or so) out of the list of things we need to buy I may start to belive thier inflation figures a littell bit more....

[Troll]

Yay ... back to the 70's

Trade unions have submitted a 6% pay claim for more than one million local government workers.

[DimPrawn]

6%!!?!!

Inflation is only 2% you know.

[Troll]

So who else has had 6%?

The unions argue that a 6% rise is needed to help council workers "catch up" with the rest of the public sector.

[Spartacus]

If you want to lower your personal inflation rate, just buy more plasma tellies.

Sorted.

[Dow Jones]

It doesn't add up

No, but we are still an oil producer and still end up paying through the nose for it. Petrol prices were averaging 97 p this time last year, now 104 p/litre that's in excess of 7% and that's for something that affects 90% of the population, same story for bread and milk - if anyone has picked up any at the supermarket - you'll find they are nearer the £ rather than the 50p mark for an average loaf and bottle. Electrical goods are indeed dropping in price due to their oversupply, but are deemed as non-essentials, as opposed to food, petrol, council tax etc. Real inflation as opposed to artificial in the books - is running at 7-9%, near enough double figures.

[Ardesco]

Electrical goods are indeed dropping in price due to their oversupply, but are deemed as non-essentials, as opposed to food, petrol, council tax etc. Real inflation as opposed to artificial in the books - is running at 7-9%, near enough double figures.

Actually Nu Liemore classify some electrical goods as essentials, hence the low inflation rate...... We know it's all balls, but the great unwashed dont....