Inflation Inflation
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Thread: Inflation

  1. #1

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    Default Inflation

    Current Government figures () say inflation is now below the 2% level mostly due to cheap fuel and energy prices ()

    If I look on the commodities markets, crude oil, natural gas and heating oil prices are almost at their historical peaks.

    Am I missing something here?

    Am I the only one paying top dollar for gas, electricity and petrol?

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    "Am I missing something here"

    Yes you are - the governemt talk complete bolloxs
    Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.

    I preferred version 1!

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    Quote Originally Posted by TonyEnglish View Post
    "Am I missing something here"

    Yes you are - the governemt talk complete bolloxs
    That and the fact that the inflation rate is a year on year figure. It says how much they increase over the year but not by how much they have increased over a longer time.

    Oh and the government are talking bolloxs as they changed the basket of items used to be biased in favour of those things which have reduced in price while removing those that have increased.

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    If inflation was measured the same way it was 20 years ago, it would currently be standing at 10% - as mentioned in the current Money Week edition.

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    No no. Inflation is always just below the government target.

    Watch the interest rate plummet next month.

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    Quote Originally Posted by TazMaN View Post
    If inflation was measured the same way it was 20 years ago, it would currently be standing at 10% - as mentioned in the current Money Week edition.
    Article from the Telegraph dated 18th April here for both CPI and RPI the inflation rate is higher than the 'official' rate for 3 out of 2 groups. For Pensioners, those families who are 'hard up' and the Middle classes inflation is higher than the official rate with only those living at home and Young Professionals being below the official rate.

    For some pensioners inflation was at 8.4%.

    There is a 'calculator' that allows you to work out your 'personal inflation' linked on that page - mine stands at 6.1%

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    Quote Originally Posted by King Cnvt View Post
    If I look on the commodities markets, crude oil, natural gas and heating oil prices are almost at their historical peaks.

    Am I missing something here?

    Am I the only one paying top dollar for gas, electricity and petrol?
    They are usually quoted in US Dollars and the weakness of the greenback means that they are not so expensive at the moment for other currencies.

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    Default Usd

    The Fed wont publish M3 but it is available here

    http://www.nowandfutures.com/key_stats.html

    even the arabs take fright of the USD

    http://www.telegraph.co.uk/money/mai...cnsaudi119.xml

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    Yes, the Chinese and Arabs are no longer in love with the US dollar.

    Due to the ever weakening dollar and rising oil prices gold has had a good run of late. In 1980 it was $850 which is something like $2000 when adjusted for inflation. So there is still scope for some big gains if the Arabs and Chinese increase their gold reserves.

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