How the heck have our inflation rates got so high? - over 10% now

Corcaigh_the_Cat said:
I've noticed since lockdown finished that my local boozers are more quiet than they were before Johnson & Co introduced us to Covid

So if it's about supply and demand the price of a pint should have fallen to create more demand.

Strangely enough that isn't the case. The opposite has happened.
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It's not just about the price of a pint though is it. The inflation rate is calculated using the cost of a basket of goods known as the Consumer Price Index that includes all sorts of goods and services such as food, transport, medicine etc. ,👍
 
ThirdLeg said:
Bank of England pumping a few billion in here and there probably contributed.

2 percent isn't high though. Its the target.

I'm more concerned about the 10 percent that's gone on house prices over the same period. Lord knows what they expect the kids to do these days.
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Me and the wife are patiently waiting for the housing market to crash as we simply cannot afford a deposit for the size of house we want. That's with me working 40+ hours, she's working 30 and with two kids to keep alive.
 
Randy said:
Me and the wife are patiently waiting for the housing market to crash as we simply cannot afford a deposit for the size of house we want. That's with me working 40+ hours, she's working 30 and with two kids to keep alive.
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That's capitalism for you
 
Randy said:
Me and the wife are patiently waiting for the housing market to crash as we simply cannot afford a deposit for the size of house we want. That's with me working 40+ hours, she's working 30 and with two kids to keep alive.
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I did that from 2000-2008 mate. Then had to buy one as we'd been moved, and then they crashed minutes later.................
 
The deterrent tax on lemonade (a sign of things to come). And, the march of health and safety, as can be seen in the proliferation of scaffolding on public sector buildings (where once a ladder would have done), eco-tolls on roads etc.
 
Johnny Vincents Motorbike said:
everywhere has been closed and weve all been stuck indoors for the best part of 18 month

United Kingdom Inflation Rate

Inflation Rate in the United Kingdom remained unchanged at 4 percent in January. This page provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
tradingeconomics.com tradingeconomics.com
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It’s year on year, we were in a pandemic last year too
 
There are a lot more price rises on the way. Commodity prices from production in China are yet to fully land.
Due to the pandemic, China stopped production of essentials in my world or work. So things like glues, solvents, computer chips etc. are in short supply.
So my kitchen business has seen 20% increases in glues, silicone, mdf which has resulted in my costs rising. These rises will be loaded to our prices in the next few months, as my margins cant absorb this payment shock. allied to this there has been a massive increase in people doing home improvements, so wood, cement etc are in short supply. Trades are very busy and there prices are rising as they have too much work.

Inflation is set to soar very soon.

In terms of economics the government need to keep interest rates very low, to be able to pay off the national debt, however an increase in inflation shrinks debt size.
 
Boro in Devon said:
There are a lot more price rises on the way. Commodity prices from production in China are yet to fully land.
Due to the pandemic, China stopped production of essentials in my world or work. So things like glues, solvents, computer chips etc. are in short supply.
So my kitchen business has seen 20% increases in glues, silicone, mdf which has resulted in my costs rising. These rises will be loaded to our prices in the next few months, as my margins cant absorb this payment shock. allied to this there has been a massive increase in people doing home improvements, so wood, cement etc are in short supply. Trades are very busy and there prices are rising as they have too much work.

Inflation is set to soar very soon.

In terms of economics the government need to keep interest rates very low, to be able to pay off the national debt, however an increase in inflation shrinks debt size.
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That's they key. Low interest rates to boost the economy, borrow cheaply but high inflation is the best way to reduce national debt.
 
Flipping typical .When NHS and Public service pension pay rises were sorted it was 0.1%.
 
ThatFragranceGuy said:
everything’s gone up in lockdown. Wood, plaster, glass, electronics and even dogs. brexit also driven prices up and things are in high demand so prices have soared however it’s not “based on a bag of carrots” as Clive Road Stamper is trolling above. It’s based on, and has been for ages, a specific list of things as part of the process and that includes household bills, housing, education, shopping items, furniture etc so is very broad



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Is it not based on carrots. . No ****. Thanks for putting me straight on that.
Lighten up mate
 
I got rid of my house in 1990 when the mortgage interest rate went up to 15.85% and inflation was 9.5% [Good old Thatcher] (y)
 
newusername said:
Since the coalition government in 2010 the state pension has been linked to inflation. In fact it has a guarantee that each year, it will increase by the greatest of the:
- Average earnings
- Prices, as measured by the Consumer Prices Index (CPI)
- 2.5 per cent
The so called 'triple lock'.

Considering everything else they've taken out of the economy since the Second World War & foisted the cost & fall out of onto future generations, I think pensioners are sitting pretty for the duration of the rest of their lives.
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Another one. I've got 3 cards here - want to play a guessing game ?
 
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