UK inflation rate rises to 3.4%

[fullyautomatix]

The UK inflation rate rose sharply to 3.4% in March from 3% the month before, official figures have shown.

The rise in the Consumer Prices Index (CPI) inflation rate was greater than analysts had expected.

Retail Prices Index (RPI) inflation, which includes housing costs, also rose sharply to 4.4% in March from 3.7%.


Grr! With almost 1% interest on my savings, almost all the earnings going off in all sorts of taxes, all I need is to be bent over and given one in the backside. It will complete the picture. Daylight robbery.

[gingerjedi]

Bring it on, mortgage free in 3 years.

Then I want it to stop.

[Mich the Tester]

all I need is to be bent over and given one in the backside

Be careful what you ask for. There are men on this forum with Toni and Guy haircuts.

oh yeah forgot to mention the fortnightly Toni and Guy designer hair cut and monthly dental-spa teeth whitening.

[Sysman]

A natural consequence of Quantitive Easing, no?

[d000hg]

3.4% is annual inflation figure, not monthly, right? Hardly a big deal (yet). And didn't they stop or at least pause QE to see what happens?

[HairyArsedBloke]

Be careful what you ask for. There are men on this forum with Toni and Guy haircuts.

ex-mrs HAB was trained by them. I was never comforatble with her having sharp instruments close to my throat so I used to get myself sorted when I was on my tips to London.

Inflation: el Gordo - What a man. What a leader. Yowza! Happy day's are here again.

It's time I made a new post on that subject.

[Gonzo]

3.4% is annual inflation figure, not monthly, right? Hardly a big deal (yet). And didn't they stop or at least pause QE to see what happens?

It is more significant that it looks like the BofE Governor is being allowed to prioritise the stimulus over the inflation target.

It will end in tears.

Inflation was incredibly destructive during the seventies and eighties and getting it under control was incredibly painful but it looks like that lesson has finally been forgotten.

On the other hand, inflating the national debt away will destroy all our savings but it will mean our children and grandchildren will not have that millstone hanging around their necks.

[Mich the Tester]

It is more significant that it looks like the BofE Governor is being allowed to prioritise the stimulus over the inflation target.

It will end in tears.

Inflation was incredibly destructive during the seventies and eighties and getting it under control was incredibly painful but it looks like that lesson has finally been forgotten.

On the other hand, inflating the national debt away will destroy all our savings but it will mean our children and grandchildren will not have that millstone hanging around their necks.

anything worth inheriting

[d000hg]

If interest rates AND inflation both jump up to about 15% then those with savings will finally be the ones who win, rather than suffering while those in debt are looked after.

[Platypus]

If interest rates AND inflation both jump up to about 15% then those with savings will finally be the ones who win, rather than suffering while those in debt are looked after.

I'm genuinely baffled by the assumption that "savers" are somehow entitled to earn money on their savings. If you don't like the rate you're being offered, go elsewhere.