UK inflation worsens.

[SirGalahad]

I think the crux of the matter is that interest rates have not risen, there’s not more bad news and Galahad doesn’t like it.

Interest rates have not risen?

Interest rates and Bank Rate

We set Bank Rate to influence other interest rates. We use our influence to keep inflation low and stable.

www.bankofengland.co.uk

What you smoking?

Consensus is they will rise by 0.25 or 0.5 in August.

Get your eyes checked.

 

[carmanmemoranda]

,

 

[Mottie]

Interest rates have not risen?

Interest rates and Bank Rate

We set Bank Rate to influence other interest rates. We use our influence to keep inflation low and stable.

www.bankofengland.co.uk

What you smoking?

Consensus is they will rise by 0.25 or 0.5 in August.

Get your eyes checked.

I thought I’d typed inflation. Corrected now but you still don’t like it.

 

[carmanmemoranda]

I think the crux of the matter is that inflation rates have not risen, there’s not more bad news and Galahad doesn’t like it.

Inflation rates have risen though.

Just by not as much

 

[SirGalahad]

I thought I’d typed inflation. Corrected now but you still don’t like it.

Your correction again proves you own yourself.

So the rate at which you are getting punched in the face has slowed a bit, you are still getting punched in the face.

 

[SirGalahad]

Inflation rates have risen though.

Just by not as much

Mottie crew aka Torybots think that when inflation falls then prices are falling when in fact all it means they are just not rising as fast.

 

[securespark]

WRT inflation, I reckon if the Tories were on the opposition benches, they'd be braying at Labour, "Return to the bad old days of the 70s!!"

 

[mitch66]

Inflation rates have risen though.

Just by not as much

Prices have risen but the rate has fallen. You know that.

 

[Mottie]

So the rate at which you are getting punched in the face has slowed a bit, you are still getting punched in the face.

Yep. That’s correct. Put any analogy you like on it but you won’t detract from the fact that it’s not as bad as it was. Better than being punched in the face at the same rate and certainly better that getting punched in the face at a quicker rate. Whoever is doing the punching is not going to stop immediately unless you are expecting the inflation rate to go from 8.7% to 0% overnight.

 

[noseall]

And remember it was labour who decided that CPI was fairer than RPI

What decade was that?

 

[Notch7]

WRT inflation, I reckon if the Tories were on the opposition benches, they'd be braying at Labour, "Return to the bad old days of the 70s!!"

back in the 70s most families were able to live on salary of one parent

 

[Mottie]

back in the 70s most families were able to live on salary of one parent

……In council houses with just one second hand car if you were lucky, no foreign holidays, no sky tv package - (my mate told me yesterday his had gone up to….£155 a month!), no internet, no mobiles etc. Oh, and no luxury produce such as tomatoes, sorry, forgot, they’re off the menu for you too notch, aren’t they?

 

[carmanmemoranda]

Prices have risen but the rate has fallen. You know that.

Yes. Tell mottie.

Prices are rising higher than the target, but by less than they were.

It's just less bad as I've explained before.

But you know that

 

[fillyboy]

Yes. Tell mottie.

Prices are rising higher than the target, but by less than they were.

It's just less bad as I've explained before.

But you know that

Semantics on this site among the idiots is beyond ridiculous.

If inflation falls, prices are lower than the preceding month, which is a good thing. The rate of inflation is measured against prices 12 months earlier, so in short, prices are lower (or should be subject to retailers or forecourts passing on the savings) than the previous month but still higher that the same month 12 months prior to that.

Howling at the moon and screaming brexit won't alter that fact.

 

[carmanmemoranda]

Semantics on this site among the idiots is beyond ridiculous.

If inflation falls, prices are lower than the preceding month, which is a good thing.

Howling at the moon and screaming brexit won't alter that fact.

Absolutely wrong.

Semantics ? It's schoolboy stuff

And you call people idiots and come out with that