Inflation is inflating

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PAH replied

16 August 2011, 15:15
Originally posted by TimberWolf View Post

By less than the real rate of inflation then.

Seems the gas/leccy mob are increasing prices every few months, so their increases overall probably do exceed the real inflation rate.
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TimberWolf replied

16 August 2011, 15:04
BBC News - Npower to increase gas and electricity prices by 15.7% and electricity prices by 7.2% from 1 October, it has announced.

By less than the real rate of inflation then.
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lilelvis2000 replied

16 August 2011, 14:53
And, oh yeah, all of this was created by QE because the govt. was afraid of deflation. And what we have now is a stagnant economy with high-inflation, genius!

All we have to do next is rename ourselves Lesser Japan and job done really.
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ChimpMaster replied

16 August 2011, 14:23
The problem is that wages/rates/salaries or income as a whole is not increasing. In fact, people are losing their jobs. And so, the standard of living in (previously Great) Britain is falling faster than it has at any time since the 70s, with static or falling income doing battle against escalating costs.

It wouldn't be so bad if it wasn't for the essentials increasing in cost - such as food, energy, petrol.

The economic swing to the East is happening far quicker than anyone imagined.

And you might mention leveraged debt as a good thing in this climate, but only if you're on the old trackers.
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lilelvis2000 replied

16 August 2011, 13:47
I predict the price of a basic loaf of bread to exceed £5 next week.

I scratch my head about rail fares..when I read

The rises are part of the government's agenda to reduce the cost to the taxpayer of running the rail network.

In theory almost all passengers on rail are tax payers. So this sounds a bit like newdoublespeak to me.
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AtW replied

16 August 2011, 09:59
Going to refuel today, the prices probably above £10 per liter by now
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DimPrawn started a topic Inflation is inflating

16 August 2011, 09:56
Inflation is inflating

UK inflation rises more than expected - Telegraph

Inflation in Britain increased more than expected in July, with consumer prices rising 4.4pc from 4.2pc in June, taking inflation closer to the Bank of England's forecast of 5pc by the end of the year.

Hey, but's that fine, as the BoE are mulling interest rate...........cut!

Will the Bank of England cut interest rates to 0.25pc? - Telegraph

Meanwhile....

Rail fares to jump 8pc as inflation rises - Telegraph

But at least those in massive debt can have a good laugh....

Bigger house anyone?

AtW, what about you?
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