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David Johnson
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 Posted: Tue Aug 14, 2007 5:21 pm Post subject: So has inflation really dropped to 1.9% ? |
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| Or is this only a temporary effect of the economical power Tesco etc hold. |
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Andy Davidson
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| Posted: Thu Aug 16, 2007 7:02 pm Post subject: Re: So has inflation really dropped to 1.9% ? |
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On Tue, 14 Aug 2007 13:21:27 +0100, David Johnson wrote:
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Or is this only a temporary effect of the economical power Tesco etc hold.
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... http://www.statistics.gov.uk/cci/nugget.asp?id=19
RPIX is 2.7pc.
My finger-in-the-air hobby economics view is that
- The rate hike is working, people feel the money leaking out of their
pockets in interest payments, so are spending less money on fun
things - the statistics.gov.uk page citing consumer electronics pricing
freezing.
- Petrol prices holding steady - I paid 93p a litre the other day, first
smile I have had in weeks.
--
rgds, Andy Davidson Freelance keyboard jockey
www.andyd.net |
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Sparkle
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| Posted: Sun Sep 23, 2007 1:30 am Post subject: Re: So has inflation really dropped to 1.9% ? |
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"David Johnson" <david.johnson@emeekl.com> wrote in message
news:f9s6p2$6ro$2@custnews.inweb.co.uk...
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Or is this only a temporary effect of the economical power Tesco etc hold.
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Where have you read that inflation is 1.9%?
Are you confusing inflation with the CPI calculation, or had it confused for
you?
The Student Loan Company has stipulated 4.8% as its inflation based interest
rate, yet according the the ONS, my own personal inflation rate is much
higher.
If all you buy is represented by the CPI basket then yes, inflation has
dropped to 1.9%, for you.
But as soon as you want to buy anything outside the CPI basket, you'll find
that prices have altered dramatically, and will continue to do so. |
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