Shocked beyond belief

**Bunk** · 13 November 2012, 10:12

Originally posted by DimPrawn View Post

Shock jump in UK inflation to 2.7pc - Telegraph

What sort of super human mind could ever had foreseen this happening?

Still seems low, so I suspect the figures are being massaged as usual.

**DimPrawn** · 13 November 2012, 10:16

Originally posted by Bunk View Post

Still seems low, so I suspect the figures are being massaged as usual.

It's based mostly on last years fashion items, which funnily enough always seem to get cheaper.

One day they might include rents, fuel, food that sort of stuff people have no real use for.

**BrilloPad** · 13 November 2012, 10:16

Originally posted by Bunk View Post

Still seems low, so I suspect the figures are being massaged as usual.

Looks very high to me - given that the economy is flatlining. I suppose its the result of QE.

However I reckon the government would prefer high inflation. Get rid of debt.

**Robinho** · 13 November 2012, 10:19

Ultimately it comes down to how much money they're printing. I suspect it's a lot higher than 2.7%, certainly feels like it.

**speling bee** · 13 November 2012, 10:23

Originally posted by DimPrawn View Post

It's based mostly on last years fashion items, which funnily enough always seem to get cheaper.

One day they might include rents, fuel, food that sort of stuff people have no real use for.

Originally posted by Robinho View Post

Ultimately it comes down to how much money they're printing. I suspect it's a lot higher than 2.7%, certainly feels like it.

Good to see we've got the A-team on the case.

**Robinho** · 13 November 2012, 10:25

Do you disagree that it ultimately comes down to the monitory base?

**speling bee** · 13 November 2012, 10:31

Originally posted by Robinho View Post

Do you disagree that it ultimately comes down to the monitory base?

I'm unsure what exactly what base is monitoring, but going back to your earlier point about printing money...

Printing money / money supply has an effect on inflation. Other factors have an effect on inflation - global commodity prices for example. It is simplistic and inaccurate to say that it ultimately comes down to one thing or the other. The world is more complex.

But carry on as you were.

**DimPrawn** · 13 November 2012, 10:33

Originally posted by speling bee View Post

I'm unsure what exactly what base is monitoring what, but going back to your earlier point about printing money...

Printing money / money supply has an effect on inflation. Other factors have an effect on inflation - global commodity prices for example. It is simplistic and inaccurate to say that it ultimately comes down to one thing or the other. The world is more complex.

But carry on as you were.

Another one up to their eyes in debt, glad for the QE to keep their debt cheap I suspect.

**Robinho** · 13 November 2012, 10:33

Originally posted by speling bee View Post

I'm unsure what exactly what base is monitoring, but going back to your earlier point about printing money...

Printing money / money supply has an effect on inflation. Other factors have an effect on inflation - global commodity prices for example. It is simplistic and inaccurate to say that it ultimately comes down to one thing or the other. The world is more complex.

But carry on as you were.

That is my point. Short term there are a lot of factors, long term it will come down to the monitory base.

Shocked beyond belief