Massive falls in inflation in June Massive falls in inflation in June
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  1. #1

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    Default Massive falls in inflation in June

    UK inflation slowed to 3.2% in June from 3.4% in May, its second monthly fall.

    Source: BBC News - UK inflation slows again in June

    Paying £1.30 for liter of diesel (BP ultimate) FFS!

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    Sorry, I'm not really having a go at YOU, but your post is very funny.

    You rant about the price of something that is part of non-core CPI that has held down the main CPI figure.

    The real story is in the core-CPI figure that is going up very fast.
    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.

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    A massive fall of 0.2%

    “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

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    Except that the other measure - which includes the things we actually have to buy (fuel, food) - went up this month to 3.9%

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    Quote Originally Posted by centurian View Post
    Except that the other measure - which includes the things we actually have to buy (fuel, food) - went up this month to 3.9%
    Which is?

    For the official stats: sminki

    Food and fuel are non-core items (i.e. stuff that the government can do frack-all about; that is why it doesn't target it).

    As I said, the real story is the core-CPI rate that went up from 2.9% to 3.1%, the highest rate in the history of the series.
    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.

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    Quote Originally Posted by HairyArsedBloke View Post
    As I said, the real story is the core-CPI rate that went up from 2.9% to 3.1%, the highest rate in the history of the series.
    So is it a massive fall of 0.2% as AtW says, or a massive rise of 0.2%?

    I need to know how to pitch my rant.

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    "massive" was sarcasm - inflation is rampart and "independent" BoE won't pull a finger out to do something about it

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    Quote Originally Posted by AtW View Post
    "massive" was sarcasm - inflation is rampart and "independent" BoE won't pull a finger out to do something about it
    Aye. Indeed.
    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.

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    Quote Originally Posted by AtW View Post
    "massive" was sarcasm - inflation is rampart and "independent" BoE won't pull a finger out to do something about it
    I see.

    What should the BoE do then?

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    Quote Originally Posted by Doggy Styles View Post
    I see.

    What should the BoE do then?
    They could raise interest rates.
    While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

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