CPI 3.7%
RPI 5.3%
(Real ~20%)
The jump in inflation was "unexpected" and will only be temporary. Great news for borrowers.
RPI 5.3%
(Real ~20%)
The jump in inflation was "unexpected" and will only be temporary. Great news for borrowers.
-
-
Mervyn King will have to write a letter to the Chancellor explaining it.Originally posted by TimberWolf View Post
What do you think he's going to say?
That the result of all the fiscal stimulation over the past eighteen months, printing money and reducing the cost of money to zero are about to have their inevitable effect? It is all about to kick off - hold onto your hats!
-
The further decline in GBP will push up inflation too and then there is the VAT rise to be added in as well.
A spike - my arse.How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
-
Originally posted by Gonzo View PostMervyn King will have to write a letter to the Chancellor explaining it.
What do you think he's going to say?
That the result of all the fiscal stimulation over the past eighteen months, printing money and reducing the cost of money to zero are about to have their inevitable effect? It is all about to kick off - hold onto your hats!
New Labour trying to shift all the pain until the after the election - and it's kicking in bang on schedule.Comment
-
Interest rates of 10% anyone ?
Boom times are over, take cover.Vote Corbyn ! Save this country !Comment
-
There was a time when that was more the norm. Be worried about them getting much higher than that.Originally posted by fullyautomatix View PostComment
-
17% is on it's away ... glad i don't have any debt.Originally posted by fullyautomatix View PostComment
-
Base rates are going to stay low. More likely is that the inflation rate index calculation will be changed.Comment
-
Labour are blameless. The Bank of England is independent isn't it?Originally posted by centurian View Post
New Labour trying to shift all the pain until the after the election - and it's kicking in bang on schedule.
That was one of the first things Gordon did.Comment
-
Well at least it means that my NS&I savings certificates will be going up - at RPI+1% they'll now be earning me 6.3% pa tax free. Not too shabby.
Now I just need to decide whether to take money out of the tracker mortgage (.95% above base) and put it into savings certificates. It depends on whether it looks like base rates are going to go up and inflation come down in the next 12 months. Any guesses on that?Loopy LooComment
Comment