UK inflation falls sharply to 8.7% in April

[placeholder]

1 hour ago, bignok said:

8.7% is way too high. Ask any economist if you don't know.

If you're going to make an appeal to authority, provide a link to that authority. "Ask any economist" is just rhetorical BS.

I know that in the US there were some outlier economists who claimed that the Bureau of Labor Statistics was seriously miscalculating the CPI. Then something called the billion price index from MIT came along and confirmed that the BLS had gotten it  right all along.

[bignok]

2 hours ago, placeholder said:

Then something called the billion price index from MIT came along and confirmed that the BLS had gotten it  right all along.

No link to your claim. Pot kettle...

[placeholder]

7 minutes ago, bignok said:

No link to your claim. Pot kettle...

Here ya go:

https://www.businessinsider.com/million-prices-project-vs-the-cpi-2012-3

[bignok]

4 minutes ago, placeholder said:

Here ya go:

https://www.businessinsider.com/million-prices-project-vs-the-cpi-2012-3

What is the BPP for the UK last

Quarter?

[Rimmer]

A baiting post and a reply have been removed

[bignok]

The RPI is also used in the UK to measure inflation. It is 11.4%

 

https://www.statista.com/statistics/285203/percentage-change-of-the-retail-price-index-rpi-in-the-uk/#:~:text=The inflation rate for the,1.6 percent in June 2009.

 

I agree with it. 11.4% looks right to me imo.

[placeholder]

24 minutes ago, bignok said:

What is the BPP for the UK last

Quarter?

What has this to do with your claim that govt inflation figures are manipulated?

[Chomper Higgot]

Here’s an overview of inflation on foods, goods and services:

 

https://www.theguardian.com/business/2023/may/24/uk-inflation-which-goods-and-services-have-risen-most-in-price

[RayC]

17 hours ago, bignok said:

Not credible if counting cd sales. I don't know anyone who trusts the cpi data.

Deleted. Essentially duplicates a post by Placeholder.

Edited May 26, 2023 by RayC
Deletion

[bignok]

6 hours ago, placeholder said:

What has this to do with your claim that govt inflation figures are manipulated?

You claimed BPP was relevant to UK inflation which is the topic. Off topic nonsense.

[bignok]

3 hours ago, Chomper Higgot said:

Here’s an overview of inflation on foods, goods and services:

 

https://www.theguardian.com/business/2023/may/24/uk-inflation-which-goods-and-services-have-risen-most-in-price

Fuel down. Most other things big jump. So if someone doesn't drive much the individual impact is large. Double digits.

[bignok]

3 hours ago, Chomper Higgot said:

Here’s an overview of inflation on foods, goods and services:

 

https://www.theguardian.com/business/2023/may/24/uk-inflation-which-goods-and-services-have-risen-most-in-price

Sugar 47.4%
Olive oil 46.4%
Eggs 37%
Low-fat milk 33.5%
Cheese and curd 30.6%
Flours and other cereals 30%
Pasta products and couscous 27.7%
Ready-made meals 20.8%
Butter 20.1%
Bread 18.6%
Jams, marmalades and honey 17.9%
Fish 14.2%
Pizza and quiche 11.9%
Fruit 10.8%

Drinks

Mineral or spring waters 21.4%
Fruit and vegetable juices 21.1%
Tea 19.1%
Coffee 15.3%
Soft drinks 12.4%
Beer 10%
Spirits 7%
Wine 5.7%

Electricity, gas and other fuels

Gas 36.2%
Electricity 17.3%
Solid fuels 22.6%

 

Whats the average here?

 

These are massive rises in 12 months.

[Chomper Higgot]

1 hour ago, bignok said:

Fuel down. Most other things big jump. So if someone doesn't drive much the individual impact is large. Double digits.

And the people who don’t drive are predominantly those on low incomes, people with disabilities and the old.

[metisdead]

An off topic post about the CPI in the US and the replies have been removed.

 

A post with insulting comments to the other member has been reported and removed.

[simon43]

Childish bickering clogging up this thread.....

 

UK inflation falling is bad for me (purely selfish viewpoint) because I'm due to start my UK state pension in 2 years from now, so hope for high inflation figures over the next 2 years to increase the amount that I will receive each month ????

[placeholder]

15 hours ago, bignok said:

Sugar 47.4%
Olive oil 46.4%
Eggs 37%
Low-fat milk 33.5%
Cheese and curd 30.6%
Flours and other cereals 30%
Pasta products and couscous 27.7%
Ready-made meals 20.8%
Butter 20.1%
Bread 18.6%
Jams, marmalades and honey 17.9%
Fish 14.2%
Pizza and quiche 11.9%
Fruit 10.8%

Drinks

Mineral or spring waters 21.4%
Fruit and vegetable juices 21.1%
Tea 19.1%
Coffee 15.3%
Soft drinks 12.4%
Beer 10%
Spirits 7%
Wine 5.7%

Electricity, gas and other fuels

Gas 36.2%
Electricity 17.3%
Solid fuels 22.6%

 

Whats the average here?

 

These are massive rises in 12 months.

This makes no sense. You've taken a list from the Guardian the openly and clearly says these are the items the prices of which have risen the most. Naturally the average of these prices is going to be higher than the average of all the prices. What do you think this proves? That actual inflation is higher than what the government reports? What if the Guardian had posted a list of those items the prices of which had risen the least? Would that prove the inflation in the UK is actually lower than what the official report says it is?

Edited May 27, 2023 by placeholder

[bignok]

1 hour ago, simon43 said:

Childish bickering clogging up this thread.....

 

UK inflation falling is bad for me (purely selfish viewpoint) because I'm due to start my UK state pension in 2 years from now, so hope for high inflation figures over the next 2 years to increase the amount that I will receive each month ????

Is it really falling that much? Apart from fuel it is high. Fuel goes up and down with oil prices. 

 

I can see inflation staying high for another 1 to 2 years.

[bignok]

https://www.worlddata.info/europe/united-kingdom/inflation-rates.php

 

1974 hit double digits. Took 12 years to drop below 4%.

 

Not as bad now as the 70s but inflation doesnt disappear quickly. It takes years to go low again after hitting double digits.

 

 

 

 

[jamescarrey]

Is the decrease really that significant? Aside from fuel, the cost of living remains high. Fuel prices tend to fluctuate in line with oil prices.

I anticipate that inflation will remain elevated for another 1 to 2 years.