Discussion
Just got back from Christmas shopping. If I recall correctly, CPI is about 3.2% and RPI about 4.5%. However, I am sure that API (Actual Prices Index) is running at about 20%.
Everything we bought today was, I suspect, about 20% more than it would have been a year ago.
The car park charge was 50% higher than it would have been even six months ago.
So, is the real rate of inflation running far in excess of the official figures? Or am I just smarting from my wife melting my credit card this afternoon?
Everything we bought today was, I suspect, about 20% more than it would have been a year ago.
The car park charge was 50% higher than it would have been even six months ago.
So, is the real rate of inflation running far in excess of the official figures? Or am I just smarting from my wife melting my credit card this afternoon?
Edited by Manks on Friday 3rd December 20:34
yes, of course.
another good example is leeds council have shut all the £3.50 per day car parks on the edge of the city as it is causing 'traffic congestion' so people are now forced to use the £15 per day NCP car parks and so on.
That's another £11.50 net per day which is about £250 per month.
Most people can't afford this increase.
listerine used to be £2.50 it is now £4 odd.
inflation will only soar more next year due to vat, increasing oil prices, increasing petrol prices etc but the government is trying to do this on purpose regardless of the boe to inflate away SOME of our debt.
also the higher rate tax band at which you pay 40% is coming DOWN whilst other prices are going up and people will lose child benefit etc - the next few years are going to be tough.
another good example is leeds council have shut all the £3.50 per day car parks on the edge of the city as it is causing 'traffic congestion' so people are now forced to use the £15 per day NCP car parks and so on.
That's another £11.50 net per day which is about £250 per month.
Most people can't afford this increase.
listerine used to be £2.50 it is now £4 odd.
inflation will only soar more next year due to vat, increasing oil prices, increasing petrol prices etc but the government is trying to do this on purpose regardless of the boe to inflate away SOME of our debt.
also the higher rate tax band at which you pay 40% is coming DOWN whilst other prices are going up and people will lose child benefit etc - the next few years are going to be tough.
Dave9 said:
That's another £11.50 net per day which is about £250 per month.
Most people can't afford this increase.
Then they'll go into town less, business will suffer, tax take will drop.Most people can't afford this increase.
It's a shame politicians are too retarded to see everyone suffers from high costs, not just everyone else as they fondly imagine. If you think inflation is bad this year wait until Jan, lots of big price hikes then!!
Globs said:
Dave9 said:
That's another £11.50 net per day which is about £250 per month.
Most people can't afford this increase.
Then they'll go into town less, business will suffer, tax take will drop.Most people can't afford this increase.
It's a shame politicians are too retarded to see everyone suffers from high costs, not just everyone else as they fondly imagine. If you think inflation is bad this year wait until Jan, lots of big price hikes then!!
Car Parking charges...
I find it soooooo difficult when I go elsewhere than my home town (Cameron's town!).
Just go 12 miles to Oxford and get totally ripped off at £2.50 for an hour!
Come back to Cameron town and drive into the NEW multi-storey car park and buy a nice meal for in effect, nowt!
Why? Cos you park FREEEEEEEEEEE! (up to 3 hours)
Only drawback is at weekends you can't move for bloody 'visitors'.
I love it when you see non-locals wander aimlessly looking for the pay and display machines.
Their faces when you say it's free is magic!
I find it soooooo difficult when I go elsewhere than my home town (Cameron's town!).
Just go 12 miles to Oxford and get totally ripped off at £2.50 for an hour!
Come back to Cameron town and drive into the NEW multi-storey car park and buy a nice meal for in effect, nowt!
Why? Cos you park FREEEEEEEEEEE! (up to 3 hours)
Only drawback is at weekends you can't move for bloody 'visitors'.
I love it when you see non-locals wander aimlessly looking for the pay and display machines.
Their faces when you say it's free is magic!
Edited by dandarez on Monday 6th December 00:12
Captain Cadillac said:
Simple, look at precious metal prices. Since the SHTF Gold has gone from $780 to $1,400 an oz, but look at Silver... closing in on $30/oz.
Silvers historical value ratio in relation to Gold is somewhere in the region of 16 to 1. Which would make Silver around $85-90oz.Google JP Morgan Silver short position for an explanation as to why it isn't.
Also look at their move into copper last week in front of the ETF they intend to run.
Metals are no less manipulated and f
ked up than the Dow thanks to the antics of the major banks.If they achieve what they want with copper, it will have an enormous impact on the construction industry - but as long as they can squeeze the profits up so they can cover their silver f
k up, everything is fine and hunky dory.Bonus anyone? - make mine a treble!!
Ozzie Osmond said:
Manks said:
So, is the real rate of inflation running far in excess of the official figures?
Yes. IMO real world inflation remains the big enemy.Meanwhile successive governments are busy cooking the books....
Inflations hammering our debt down and bringing the house prices back into the realms of availability
The odd pensioner will freeze but they had the party with their houses and can't have it all their way
badgers_back said:
Ozzie Osmond said:
Manks said:
So, is the real rate of inflation running far in excess of the official figures?
Yes. IMO real world inflation remains the big enemy.Meanwhile successive governments are busy cooking the books....
Inflations hammering our debt down and bringing the house prices back into the realms of availability
The odd pensioner will freeze but they had the party with their houses and can't have it all their way
in the UK.Inflation means savers suffer, anyone on a fixed income suffers, those with no assets, those with no debt and the unskilled. The well off see the value of their assets increase and their debts whitled away. So the poor who try and act in a responsible manner are begin hurt by the BoE policies.
Basically inflation suits the rich and means the weakest in society suffer the most.
Quite why the Guardian support Danny Blanchflower when he's calling for ever high inflation is beyond me.
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