6 minutes ago, RayC said:

When does an increase in the cost of living become a crisis? 

 

Depending on the source, commentators have estimated that Brexit contributes upwards of 2.9% to the inflation figure.

"Estimated" , so one one knows for sure .

A 2.9 % inflation rate would be manageable , its the current 11 % rate that has caused the CoLC

8 hours ago, RayC said:

When does an increase in the cost of living become a crisis? 

 

Depending on the source, commentators have estimated that Brexit contributes upwards of 2.9% to the inflation figure.

Wow ... a whole 2.9% change.  If people can't adjust to minor fluctuations, then need to worry about more than a cup of tea. 

 

The exchange rate here alone has gone down 25+% at times, after I arrived.  From ฿45 down to ฿29 against $1 USD.  Not even mention the inflation.

 

Maybe the fatties could cut 25% of their food intake down, so they could afford a proper cup of tea.

10 hours ago, Mac Mickmanus said:

"Estimated" , so one one knows for sure .

Of course it's "estimated"!!!

 

All economic data are "estimates". Or did you think that every producer, wholesaler, supermarket and corner shop in the UK sends the Treasury data on every item which they ordered, priced and sold?

 

All UK national economic data is based on samples, and are therefore 'estimates', whatever the source.

 

10 hours ago, Mac Mickmanus said:

A 2.9 % inflation rate would be manageable , its the current 11 % rate that has caused the CoLC

In YOUR opinion, a 2.9% inflation rate is manageable but the UK government disagrees with you and considers it too high (2% is the target). 

 

In any event, the 2.9% is attributable to Brexit only. Add in other factors and it will be significantly higher.

1 hour ago, KhunLA said:

Wow ... a whole 2.9% change.  If people can't adjust to minor fluctuations, then need to worry about more than a cup of tea. 

See my reply to Mac so, yes WOW .... a whole 2.9% which means one factor alone exceeds the UK government's target inflation rate.

 

1 hour ago, KhunLA said:

 

 

 

1 hour ago, KhunLA said: