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15 Nov 16
11:40
Joined:
Date Joined:
02 Mar 08
More comment from an economist who says today's surprise fall in
inflation is no more than a temporary blip.
Ben Brettell, senior economist at Hargreaves Lansdown points out
that sterling's weakness is continuing to raise the cost of input prices
for UK businesses.
In fact, he says the cost of raw materials and fuels bought by UK companies
jumped at the highest monthly rate on record in October, with total input
prices up 4.6% from September.
"It should be only a matter of time before this feeds into higher consumer
prices," he adds. "The Bank of England now expects inflation to hit 2.7%
next year, but some analysts are predicting it will reach 4% as sterling
weakness pushes up import costs. With wage growth expected to be weak
in the wake of the vote to leave the EU, real wages look set to fall next year.
ex bbc
4% could trigger some activity from the canadian banker !
inflation is no more than a temporary blip.
Ben Brettell, senior economist at Hargreaves Lansdown points out
that sterling's weakness is continuing to raise the cost of input prices
for UK businesses.
In fact, he says the cost of raw materials and fuels bought by UK companies
jumped at the highest monthly rate on record in October, with total input
prices up 4.6% from September.
"It should be only a matter of time before this feeds into higher consumer
prices," he adds. "The Bank of England now expects inflation to hit 2.7%
next year, but some analysts are predicting it will reach 4% as sterling
weakness pushes up import costs. With wage growth expected to be weak
in the wake of the vote to leave the EU, real wages look set to fall next year.
ex bbc
4% could trigger some activity from the canadian banker !
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they were expecting 1.2 to 1,3 this month,so you,d expect experts who were miles out predicting 4 weeks in advance,not to insult us with their predictions for 12,18 months time,when was the last time these experts were right on any figure
these experts are having a bad run aren't they 
on another big bear subject of mine the experts,pundits are always on tv saying we,ve got be more productive,but how do they measure that
with the top 1% of the country producing the bulk of gdp and paying most tax but lots of these are sportsmen,entertainers,working 2 hrs a day or week or city boys,fund managers pressing buttons on a screen etc,the stuff you could possibly get better at,at the margins is all otsourced to the far east,plus the largest part of the economy is services how do you measure productivity in services,
are the old ways of measuring these things now defunct
with the top 1% of the country producing the bulk of gdp and paying most tax but lots of these are sportsmen,entertainers,working 2 hrs a day or week or city boys,fund managers pressing buttons on a screen etc,the stuff you could possibly get better at,at the margins is all otsourced to the far east,plus the largest part of the economy is services how do you measure productivity in services,
are the old ways of measuring these things now defunct
seen the bbc and sky camera,s in 2 factorys this week asking them how there reacting to possible price increases and tariffs on their goods,both said they were going to source cheaper materials and cheaper transportation of their goods ,as so called astute buisnessmen shouldnt they have been doing this as part of their jobs with or without brexit
sometimes you are happy with a price as it allows a profit
and you are happy with supplier
if supplier lifts price above that which you are happy and wont
play ball its time to look elsewhere or go under
no guarantee new supplier will be as good as last
but original suppliers price means you go under
not a good place to be
and you are happy with supplier
if supplier lifts price above that which you are happy and wont
play ball its time to look elsewhere or go under
no guarantee new supplier will be as good as last
but original suppliers price means you go under
not a good place to be
A fact of business life donny, complacency closes down many businesses when they sit back and savour their success.
depends on when and how companies agree deals to import.
id imagine small companies do shorter term deals but big companies agree deals more in advance.
things will become clearer in time.
id imagine small companies do shorter term deals but big companies agree deals more in advance.
things will become clearer in time.
The OP asks if inflation can hit 4%
Those of us who remember the 70s..........!!
Those of us who remember the 70s..........!!
fk off - it already has.
it's at ten at least.
i have an old bus ticket from 2007, my journey cost me 70p. Now today they charge you £2.10 for the same journey. WTF is that? deflation?
a bar of chocolate is 80p FFS.
Go buy a cup of coffee and take some friends with you and pay for them all? FFS.
they are hiding it... shaving the contents of boxes.
Toblerone just shaved their chocolate down to 150g from 170g.
that's inflation being hidden.
they used to shave the coins when they were Gold and silver.
less costing more. JOKERS.
it's at ten at least.
i have an old bus ticket from 2007, my journey cost me 70p. Now today they charge you £2.10 for the same journey. WTF is that? deflation?
a bar of chocolate is 80p FFS.
Go buy a cup of coffee and take some friends with you and pay for them all? FFS.
they are hiding it... shaving the contents of boxes.
Toblerone just shaved their chocolate down to 150g from 170g.
that's inflation being hidden.
they used to shave the coins when they were Gold and silver.
less costing more. JOKERS.
Remember pre-recession when you could buy a loaf of bread for 15p, tin of beans for 8p and a bar of branded chocolate was about 30p. Crisps are 70p nowadays! Joke.
The reason given at the time was high fuel prices but since they've fallen not seen much of a drop.
The price of food literally doubled overnight.
The reason given at the time was high fuel prices but since they've fallen not seen much of a drop.
The price of food literally doubled overnight.
i just shop at home bargains - they have their prices adjusted to pre inflation. Golden wonder crisps are 20p. chocolate is reasonably priced if you need it too.
red salmon at a pound. tesco sells you shares on a tin if you want it.
red salmon at a pound. tesco sells you shares on a tin if you want it.
Dunno where you lot shop.
70p for crisps?
You can buy a bag of a dozen packets of crisps for a quid.
10 bags of Chit Chat's favourite snack Brannigans Roast Beef and Mustard £1.50 at B & M Bargains.
You can buy 4 chocolate bars for £1.
If you shop around I would say that food has never been so cheap in real terms.
70p for crisps?
You can buy a bag of a dozen packets of crisps for a quid.
10 bags of Chit Chat's favourite snack Brannigans Roast Beef and Mustard £1.50 at B & M Bargains.
You can buy 4 chocolate bars for £1.
If you shop around I would say that food has never been so cheap in real terms.
thats why inflation numbers are a joke these days and mean nothing,inflation went up 2 months ago due to high end holidays and overnight stays in posh hotels WTF are they doing in an inflation basket,it should be lives essentials only,even then everyones inflation is different,on food most people could throw half their basket out at the checkout and not miss it,if inflation got really bad people would just leave a few items out of their basket to compensate,they could put take away prices up every week but people just carry on buying more and more
how true first time poster, and still tip the delivery man ...
core inflation which actualy includes mostly food and clothes fell from 1.5 to 1.2% in october
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