Deflation

[Freamon]

As long as those things are defined as being mandatory, and feature in a notional "shopping basket" of prerequisites, selected by a neutral panel of egg-spurts.
Things that you genuinely could not get by without. Carpet Slippers and floor tiles, wicker baskets and ratchet screwdrivers, plastic utensils and fake t-shirts. All items deemed vital to the average family by the government of the day.

The CPI basket isn't supposed to represent essentials though - it's supposed to be representative of the average person's spending habits.

Not that it does a very good job of that either, but there you go...

 

[DimPrawn]

ShareCast - News you can use


LONDON (SHARECAST) - The government’s preferred measure of inflation crept up against expectations in November, hitting a six-month high as food and clothes prices jumped by record levels.

The Consumer Price Index (CPI) climbed to 3.3% from 3.2% in October. Analysts had been expecting another reading of 3.2%.

The increase was partly due to a record rise in food and drink prices of 1.6% between October and November, up from a 0.6% over the same period the previous year. Bread and cereal prices were up by 1.9%, pushed higher by soaring wheat prices.

Clothing and footwear prices rose by a record 2% from the previous month, with men’s outerwear seeing a particularly strong rise.

The increase in inflation means that Bank of England governor will have to pen another letter to Chancellor George Osborne to explain why inflation is above the 2% target set by the government.

While inflation is a concern, policy makers also have to be aware of factors that point towards a need for loose monetary policy, such as weak consumer confidence and low house prices.





Yeah, them house prices are rock bottom man.

And let's face it, where would be without having to pay an absolute fortune for that bedsit over the kebab shop eh?

 

[suityou01]

Inflation rises unexpectedly

Same old same.

: This thread is about deflation for some reason

 

[TimberWolf]

I wonder where MPC members keep their stash. Not in the bank I bet.

 

[DimPrawn]

I wonder where MPC members keep their stash. Not in the bank I bet.

I would guess their wealth is in BTL property, hence letting inflation run rampant (high rents, debt eroded), print money (sustain house prices), low interest rates (cheap debt for buying more property).

Boomed!

 

[d000hg]

To be honest I thought this thread was going to be about AtW asking how to mend a blow up doll.

It'd be more interesting to read than blind copy-pasted dullness.

 

[DimPrawn]

It'd be more interesting to read than blind copy-pasted dullness.

It's not blind copy-pasted if it has AtW's fascinating insightful comment at the end.

HTH