Inflation - Place Your Bets
Discussion
So what's everyone’s prediction for today’s inflation figures?
Considering the rate of inflation has been more than double the target rate for a considerable period of time maybe time for a rate rise. For get the investments of those in the markets the weakest in society are really suffering as costs rise and there savings/incomes dwindle.
"Pensioners face one of the hardest winters of recent years with their cost of living increasing by nearly 11 per cent, according to new research.
The annual rate of inflation for pensioners has now hit 10.9 per cent and is likely to rise yet further, according to forecasting house Capital Economics in research undertaken for the Daily Telegraph.
The figures are based on the official Consumer Prices Index, which measures the prices of 650 different goods and services. However, it weights the index to give a fairer reflection of what different types of consumers are experiencing.
The inflation rate of 10.9 per cent for pensioners is more than double the 4.7 per cent measured by the CPI, and is the highest level since at least the late 1980s, according to the analysis.
The main reason why the CPI is running at just 4.7 per cent is because the price of clothes, shoes, electrical goods and mobile phone bills have all fallen over the last years. These are items that are rarely, if ever, bought by pensioners.
However, pensioners' incomes go up in line with inflation and many are unable to find any extra money to pay for the escalating bills.
More than two million pensioner households are already living in so-called fuel poverty, when ten per cent of their income is spent on heating and lighting their homes. "
source
Considering the rate of inflation has been more than double the target rate for a considerable period of time maybe time for a rate rise. For get the investments of those in the markets the weakest in society are really suffering as costs rise and there savings/incomes dwindle.
"Pensioners face one of the hardest winters of recent years with their cost of living increasing by nearly 11 per cent, according to new research.
The annual rate of inflation for pensioners has now hit 10.9 per cent and is likely to rise yet further, according to forecasting house Capital Economics in research undertaken for the Daily Telegraph.
The figures are based on the official Consumer Prices Index, which measures the prices of 650 different goods and services. However, it weights the index to give a fairer reflection of what different types of consumers are experiencing.
The inflation rate of 10.9 per cent for pensioners is more than double the 4.7 per cent measured by the CPI, and is the highest level since at least the late 1980s, according to the analysis.
The main reason why the CPI is running at just 4.7 per cent is because the price of clothes, shoes, electrical goods and mobile phone bills have all fallen over the last years. These are items that are rarely, if ever, bought by pensioners.
However, pensioners' incomes go up in line with inflation and many are unable to find any extra money to pay for the escalating bills.
More than two million pensioner households are already living in so-called fuel poverty, when ten per cent of their income is spent on heating and lighting their homes. "
source
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