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In a speech on Tuesday evening, the governor of the Bank of England, Mervyn King, said inflation would fall sharply in 2012 when the January 2011 rise in VAT dropped out of the data and the effect of past oil price rises started to fade.
The MPC minutes echoed this, saying that there was "little further upside news" on the outlook for inflation. In fact, the Bank was more concerned that without extra QE, that could fall below target.
http://www.bbc.co.uk/news/business-15365565
You surely couldn't make this up
The MPC minutes echoed this, saying that there was "little further upside news" on the outlook for inflation. In fact, the Bank was more concerned that without extra QE, that could fall below target.
http://www.bbc.co.uk/news/business-15365565
You surely couldn't make this up
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I'm not following Uk inflation per se. But there is very little evidence of significant inflation in developed economies.
I echo the gov's sentiments.
I echo the gov's sentiments.
hugh hendry(fund manager)--CF Eclectica
has taken a position inflation falling 2012
time will tell
has taken a position inflation falling 2012
time will tell
Consumer prices index (CPI) inflation September 2011 (1) 5.2% (4.5%)
Government inflation (CPI) target 2%
Inflation: Retail prices index (RPI) September 2011 (2) 5.6% (5.2%)
Inflation: Retail prices index excl. mortgage payments (RPIX) September 2011 (3) 5.7% (5.3%)
Note: Figures refer to annual inflation to the month shown with the previous month's figures in brac
kets.
Government inflation (CPI) target 2%
Inflation: Retail prices index (RPI) September 2011 (2) 5.6% (5.2%)
Inflation: Retail prices index excl. mortgage payments (RPIX) September 2011 (3) 5.7% (5.3%)
Note: Figures refer to annual inflation to the month shown with the previous month's figures in brac
kets.
INFLATION HISTORY (CONSUMER PRICES INDEX)
September 2011 5.2%
August 2011 4.5%
July 2011 4.4%
June 2011 4.2%
May 2011 4.5%
April 2011 4.5%
March 2011 4.0%
Februay 2011 4.4%
January 2011 4.0%
December 2010 3.7%
November 2010 3.3%
October 2010 3.2%
September 2010 3.1%
August 2010 3.1%
July 2010 3.1%
June 2010 3.2%
May 2010 3.4%
April 2010 3.7%
March 2010 3.4%
February 2010 3.0%
January 2010 3.5%
(1) CPI replaced RPI as official inflation figure in Dec 2003. Note: Figures refer to annual inflation to the month shown. Government inflation target: 2%.
Read more: http://www.thisismoney.co.uk/money/news/article-1586103/Inflation--Interest-rates--Economic-growth--Unemployment-Latest-statistics.html#ixzz1dOrMeN9H
Read more: http://www.thisismoney.co.uk/money/news/article-1586103/Inflation--Interest-...
September 2011 5.2%
August 2011 4.5%
July 2011 4.4%
June 2011 4.2%
May 2011 4.5%
April 2011 4.5%
March 2011 4.0%
Februay 2011 4.4%
January 2011 4.0%
December 2010 3.7%
November 2010 3.3%
October 2010 3.2%
September 2010 3.1%
August 2010 3.1%
July 2010 3.1%
June 2010 3.2%
May 2010 3.4%
April 2010 3.7%
March 2010 3.4%
February 2010 3.0%
January 2010 3.5%
(1) CPI replaced RPI as official inflation figure in Dec 2003. Note: Figures refer to annual inflation to the month shown. Government inflation target: 2%.
Read more: http://www.thisismoney.co.uk/money/news/article-1586103/Inflation--Interest-rates--Economic-growth--Unemployment-Latest-statistics.html#ixzz1dOrMeN9H
Read more: http://www.thisismoney.co.uk/money/news/article-1586103/Inflation--Interest-...
The raw CPI numbers you posted don't tell the whole story. The methodology of *HOW* CPI is calculated has been changed a number of times over the years in order for the Gov't to hide inflation. The illusion of hedonics, the massaging of core.......and now just plain ignoring reality in the retail market. I could write a term paper on this but I'm done educating half-wits who post "there is very little evidence of significant inflation in developed economies."
the way oil price is moving--cant see inflation lowering
Mrben Joined: 25 Oct 03
Replies: 4202 10 Nov 11 23:25
I'm not following Uk inflation per se. But there is very little evidence of significant inflation in developed economies.
I echo the gov's sentiments.
Isn't India sort of in this chap's "part of the world". You'd think he'd know what's going on or wasn't this part covered in the Brisbane tabloids?
India’s Inflation Exceeds 9% for 11th Month, Reducing Scope for Rate Pause
http://www.bloomberg.com/news/2011-11-14/india-s-inflation-exceeds-9-for-11th-month-reducing-scope-for-rate-pause.html
And this is the Gov't released number, double that in the real world.
I'm staring to hold my nose every time I log on, bennyboy is posting so much sh1t on here.
Replies: 4202 10 Nov 11 23:25
I'm not following Uk inflation per se. But there is very little evidence of significant inflation in developed economies.
I echo the gov's sentiments.
Isn't India sort of in this chap's "part of the world". You'd think he'd know what's going on or wasn't this part covered in the Brisbane tabloids?
India’s Inflation Exceeds 9% for 11th Month, Reducing Scope for Rate Pause
http://www.bloomberg.com/news/2011-11-14/india-s-inflation-exceeds-9-for-11th-month-reducing-scope-for-rate-pause.html
And this is the Gov't released number, double that in the real world.
I'm staring to hold my nose every time I log on, bennyboy is posting so much sh1t on here.
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