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

But the tory party are good with money.
Aren't they?🤔
Do I detect an element of sarcasm there? ;@)) (y):oops:

Surely the Tory`s were getting over 1 million unemployed back to work?
1624088728519.png

"Thatcher was good for this country" [?!!!] :eek: Well over 3,000,000 [unemployed and claiming social security - so there were many unemployed not on social security - who werent counted!]

[Courtesy BBC: https://www.bbc.co.uk/news/uk-politics-22070491]
1624088927592.png
11 years of cuts in welfare and public services - the lie to reduce "debt" and hand over control of our lives to private profit:
Doctor.jpeg
 
I bought fish and chips for me and my Mum, yesterday. Always buy the same (large haddock, small cod, small chips, mushy peas and curry sauce). Gone up from £13.55 to £14.40 in the last 2 weeks. 6.3% increase.
 
I bought fish and chips for me and my Mum, yesterday. Always buy the same (large haddock, small cod, small chips, mushy peas and curry sauce). Gone up from £13.55 to £14.40 in the last 2 weeks. 6.3% increase.
Fish and chips is no longer a cheap meal for the masses.
Though if you're really hungry you can't beat it!
 
My company usually offer their annual salary increases in August based on inflation (so I'm told, I only started last October).

I wonder if the increase will be anywhere near 10%. I'm expecting it to be closer to 3%.
 
I thought inflation led to higher interest rates so savers were less affected by high inflation, but I caveat that by saying I know nothing about economics
You know anyone offering more than 10.1 % on savings ? - please let me know
I do agree with the second part though :)
 
The simple answer and by far and away the biggest contributing factor to the current rise in inflation has been the £895bn of quantitive easing our government carried out. If you create money from thin air and flood the economy with it, that money decreases in value. The more you have of something the less its worth. To make matters worse throughout the pandemic the level of goods and services produced fell dramatically. Therefore, we created an economy where there is a surplus of money supply (which the banks kept for themselves) with nothing to spend it on.
 
Absolutely no idea. What does CPI and RPI stand for?
Would be keen to be educated in this.
Consumer Price Inflation
Retail Price Inflation

INAExpert but they monitor the price changes in a notional 'basket' of goods & services.
CPI & RPI monitor non-identical 'baskets' & also differ in how they calculate the figure.

There used to be c.1% difference between CPI & RPI (RPI higher) but I don't know what it is now.
 
Consumer Price Inflation
Retail Price Inflation

INAExpert but they monitor the price changes in a notional 'basket' of goods & services.
CPI & RPI monitor non-identical 'baskets' & also differ in how they calculate the figure.

There used to be c.1% difference between CPI & RPI (RPI higher) but I don't know what it is now.
The simple difference is that the RPI includes main housing costs such as mortgages, and this is why salaries and pension rises are now calculated on the CPI when they used to be calculated on the RPI. That is of course to save the employers cash.
 
Back
Top