Reply to: Deflation

[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

[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]

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!

[TimberWolf]

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

[suityou01]

Inflation rises unexpectedly

Same old same.

: This thread is about deflation for some reason

[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?

[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...

[minestrone]

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

Can't have any developer not 100% productive at SKA towers.

Meet his new DBA...

[TimberWolf]

Why is it that everything seems to come as a surprise to these morons?

I think it's a game. Feign surprise and the MPC have a big giggle when they meet.

[shaunbhoy]

Inflation rises unexpectedly

Same old same.

Why is it that everything seems to come as a surprise to these morons?

[TimberWolf]

Inflation rises unexpectedly

Same old same.

[shaunbhoy]

It will be counted but special note will explain that raise and use it as excuse not to increase rates to handle inflation as it is a "one off" item.

Alexei,
you missed the Property Ladder Gravy Train. Get over it and stop obsessing about it. You make it sound like renting is a bad thing......which it is not.
For one thing, it is people like you that help maintain a certain lifestyle for the BTL types on here. So good on yer!

[AtW]

Just because it is a planned rise does not mean it will be excluded fron the inflation figure. For 12 months after Jan 4 2011 it will be counted. It will only "disappear" on Jan 4 2012.

It will be counted but special note will explain that raise and use it as excuse not to increase rates to handle inflation as it is a "one off" item.

[shaunbhoy]

I am seriously starting to lose faith with the goverment

You're late. The rest of us did that in 1997.

[DeludedAussie]

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.

I am seriously starting to lose faith with the goverment and sterling in general - Mortgage costs (which are taken into RPI and better reflect inflation) are at an all time low and yet RPI is sky high

Beggars belief