| Inflation finally coming down on 09:07 - Jul 19 with 2977 views | Herbivore |
Prices rising by 8% on last year when at this point last year inflation was also sky high is not good news for anyone's pockets. |  |
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| Inflation finally coming down on 09:10 - Jul 19 with 2949 views | lowhouseblue |
it's good news if interest rates peak lower and come down quicker. prices rising at 7% isn't in itself great. but you know that. |  |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
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| Inflation finally coming down on 09:10 - Jul 19 with 2934 views | blueasfook |
| Inflation finally coming down on 09:07 - Jul 19 by Herbivore |
Prices rising by 8% on last year when at this point last year inflation was also sky high is not good news for anyone's pockets. |
That would be because inflation has remained high into this year. Economics not your strong point Herbs? |  |
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| Inflation finally coming down on 09:12 - Jul 19 with 2917 views | Herbivore |
| Inflation finally coming down on 09:10 - Jul 19 by blueasfook |
That would be because inflation has remained high into this year. Economics not your strong point Herbs? |
I think you're the one showing a lack of economic literacy here, describing inflation of 8% as being good for people's pockets. | |
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| Inflation finally coming down on 09:12 - Jul 19 with 2909 views | ElderGrizzly |
If you're happy with your pockets being 7.9% smaller, then yes.
It's still 7.9% and food inflation is over double that at over 17% |  | | |
| Inflation finally coming down on 09:13 - Jul 19 with 2906 views | Lord_Lucan |
| Inflation finally coming down on 09:10 - Jul 19 by blueasfook |
That would be because inflation has remained high into this year. Economics not your strong point Herbs? |
On an economic level it basically means we will just get poorer a bit slower. |  |
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| Inflation finally coming down on 09:21 - Jul 19 with 2849 views | Guthrum |
| Inflation finally coming down on 09:12 - Jul 19 by ElderGrizzly |
If you're happy with your pockets being 7.9% smaller, then yes.
It's still 7.9% and food inflation is over double that at over 17% |
Inflation reducing to "only" 7.9% being a good thing is rather in "It's just a flesh wound!" territory. [Post edited 19 Jul 2023 9:22]
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| Inflation finally coming down on 09:53 - Jul 19 with 2718 views | BlueBadger |
Oh man, now my real terms pay cut is just 2% this year! [Post edited 19 Jul 2023 10:05]
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| Inflation finally coming down on 10:04 - Jul 19 with 2658 views | Swansea_Blue |
| Inflation finally coming down on 09:07 - Jul 19 by Herbivore |
Prices rising by 8% on last year when at this point last year inflation was also sky high is not good news for anyone's pockets. |
Especially when wages haven't been keeping up for well over a decade. Although better the rate is dropping than rising. Grateful for small mercies and all that. |  |
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| Inflation finally coming down on 10:11 - Jul 19 with 2629 views | fabian_illness |
So, does this mean the conservatives have done well?
I'm sure one of TWTD's political correspondents will be along shortly to heap some praise on the blue teams efforts. |  | | |
| Inflation finally coming down on 10:19 - Jul 19 with 2593 views | Freddies_Ears |
So, prices continue to rise. Despite the big drop in fuel costs compared with 12 months ago. Food inflation is still around 15%.
"Even" at 7% a year, prices double in 10 years. |  | | |
| Inflation finally coming down on 10:34 - Jul 19 with 2563 views | blueasfook |
| Inflation finally coming down on 09:12 - Jul 19 by Herbivore |
I think you're the one showing a lack of economic literacy here, describing inflation of 8% as being good for people's pockets. |
Well it's better than the 10.9% it has been isn't it? It's going in the right direction was the point I was making. | |
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| Inflation finally coming down on 10:41 - Jul 19 with 2540 views | SuperKieranMcKenna |
| Inflation finally coming down on 10:34 - Jul 19 by blueasfook |
Well it's better than the 10.9% it has been isn't it? It's going in the right direction was the point I was making. |
Also important to note that this is due to global supply chains easing, and lower commodity prices (slowly) feeding through. Not due to any competence of our incumbent govt. I’m sure they’ll be trying to take credit though… | | | |
| Inflation finally coming down on 10:46 - Jul 19 with 2515 views | blueasfook |
| Inflation finally coming down on 10:41 - Jul 19 by SuperKieranMcKenna |
Also important to note that this is due to global supply chains easing, and lower commodity prices (slowly) feeding through. Not due to any competence of our incumbent govt. I’m sure they’ll be trying to take credit though… |
I think it's the BoE policies that have helped - although been a painful hit on your mortgage payments, they have eventually helped to drive down inflation.
Yeah fook the Tories, let's not forget Liz Truss's disastrous fiscal move that saw the pound tank to an all-time low. | |
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| Inflation finally coming down on 10:50 - Jul 19 with 2496 views | SuperKieranMcKenna |
| Inflation finally coming down on 10:46 - Jul 19 by blueasfook |
I think it's the BoE policies that have helped - although been a painful hit on your mortgage payments, they have eventually helped to drive down inflation.
Yeah fook the Tories, let's not forget Liz Truss's disastrous fiscal move that saw the pound tank to an all-time low. |
In my opinion the impact of the interest rates haven’t hit that many consumers yet. As more and more fixed rate deals come to an end there’s going to be a lot of pain. We’ve merely kicked a recession down the road. | | | |
| Inflation finally coming down on 10:53 - Jul 19 with 2484 views | Swansea_Blue |
| Inflation finally coming down on 10:50 - Jul 19 by SuperKieranMcKenna |
In my opinion the impact of the interest rates haven’t hit that many consumers yet. As more and more fixed rate deals come to an end there’s going to be a lot of pain. We’ve merely kicked a recession down the road. |
About £400/month mine will be going up next August (based on rates today). I’ll be coming off a 1.85% fixed. Bloody ridiculous. | |
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| Inflation finally coming down on 10:54 - Jul 19 with 2482 views | Steve_M |
| Inflation finally coming down on 09:07 - Jul 19 by Herbivore |
Prices rising by 8% on last year when at this point last year inflation was also sky high is not good news for anyone's pockets. |
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| Inflation finally coming down on 11:54 - Jul 19 with 2362 views | SmithersJones |
| Inflation finally coming down on 09:12 - Jul 19 by Herbivore |
I think you're the one showing a lack of economic literacy here, describing inflation of 8% as being good for people's pockets. |
Times like this (when we've seen sharp rises in certain prices, like fuel, which have then reversed a bit) it seems it would be good to look at inflation over a two year period rather than getting fixated on a one year timeline. By my calcs the two year rate is 18%. | | | |
| Inflation finally coming down on 12:24 - Jul 19 with 2315 views | Herbivore |
| Inflation finally coming down on 11:54 - Jul 19 by SmithersJones |
Times like this (when we've seen sharp rises in certain prices, like fuel, which have then reversed a bit) it seems it would be good to look at inflation over a two year period rather than getting fixated on a one year timeline. By my calcs the two year rate is 18%. |
Yes, that's more or less spot on. The compound inflation over a 2 year period is about 18%. But thankfully it's good news for the money in our pockets, according to witlessasfook. | |
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| Inflation finally coming down on 12:43 - Jul 19 with 2280 views | blueasfook |
| Inflation finally coming down on 12:24 - Jul 19 by Herbivore |
Yes, that's more or less spot on. The compound inflation over a 2 year period is about 18%. But thankfully it's good news for the money in our pockets, according to witlessasfook. |
Yes, because that was the point I made in my OP wasn't it, Herbibore. | |
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| Inflation finally coming down on 13:08 - Jul 19 with 2231 views | Herbivore |
| Inflation finally coming down on 12:43 - Jul 19 by blueasfook |
Yes, because that was the point I made in my OP wasn't it, Herbibore. |
Your OP where you literally said "Good news for all our pockets"? | |
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| Inflation finally coming down on 13:10 - Jul 19 with 2221 views | BlueBadger |
| Inflation finally coming down on 12:43 - Jul 19 by blueasfook |
Yes, because that was the point I made in my OP wasn't it, Herbibore. |
You'd think that you banter lads could handle some pushback and to-and-fro. | |
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| Inflation finally coming down on 13:11 - Jul 19 with 2215 views | blueasfook |
| Inflation finally coming down on 13:08 - Jul 19 by Herbivore |
Your OP where you literally said "Good news for all our pockets"? |
So what part of inflation falling being good for our pockets, do you fail to understand? Shall I go fetch some crayons? | |
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| Inflation finally coming down on 13:14 - Jul 19 with 2200 views | Herbivore |
| Inflation finally coming down on 13:11 - Jul 19 by blueasfook |
So what part of inflation falling being good for our pockets, do you fail to understand? Shall I go fetch some crayons? |
Well it's the bit where everything costs 8% a year more than last year and 18% more than 2 years ago that I'm struggling to see how is good for all our pockets. | |
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| Inflation finally coming down on 13:19 - Jul 19 with 2194 views | blueasfook |
| Inflation finally coming down on 13:14 - Jul 19 by Herbivore |
Well it's the bit where everything costs 8% a year more than last year and 18% more than 2 years ago that I'm struggling to see how is good for all our pockets. |
Meaning going forward, fool.
But then you knew perfectly well what I meant, you just want a fight. Grow up. | |
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