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Inflation at 3%
Posted: 15 May 2008, 14:16
by chris25
What a load of utter rubbish.
Typical of this fantastic government to spin and lie such "statistiks" (German for state maths)
Food has gone up 20%
Petrol has gone up 30%
Bus and train fares have increased
Insurance has increased
Consumer Tax has increased on cars, alcohol and others
Council Tax has doubled
Other items such as clothes and electronics are now shooting up. Raw material costs have significantly increased on all metals, fertilizers, chemicals and even timbers and natural resources.
What the heck does HMG use to measure inflation? The price of sunlight?
Re: Inflation at 3%
Posted: 15 May 2008, 14:26
by phobos
chris25 wrote:
What the heck does HMG use to measure inflation? The price of sunlight?
Heres what:
http://www.statistics.gov.uk/elmr/04_08 ... ooding.pdf
Posted: 15 May 2008, 14:30
by WolfattheDoor
Item added to the basket:
"Portable digital storage device"
How many of them do you buy each month? Especially pensioners and the poor?
Mind you, good to see they've taken "Steering lock device" out. I stopped buying them after the sixteenth one broke!
Posted: 15 May 2008, 14:40
by chris25
Very intersting how it mentions fuel and food, yet a quick glance on a website shows this is measured as a proportian
For example, the CPI does not include Council Tax, mortgage interest payments and some other housing costs.
There is also a difference in the mathematical methods used to calculate the price changes which, the Office for National Statistics says, means that in practice the CPI always shows a lower inflation rate than the RPI rate for given price data.
The methods used to calculate both indexes are similar. Each month thousands of prices for a selection of goods and services are analysed to check on any increases.
Some of the goods and services will carry a higher weighting, reflecting the fact that we spend more on some items than others.
Food and fuel prices are weighted at their 2003 levels
:roll
So the whole British economy inflation rate is based on the price of CD's and SD memory cards
Posted: 15 May 2008, 14:43
by chris25
Posted: 15 May 2008, 14:44
by Andy Hunt
You never used to have to pay to put air in your tyres.
That's inflation for you.
Posted: 15 May 2008, 14:51
by biffvernon
I've just taken delivery of sixty cubic feet of oak - the price has not changed at all in four years
Posted: 15 May 2008, 15:08
by SunnyJim
Andy Hunt wrote:You never used to have to pay to put air in your tyres.
That's inflation for you.
Boom tish.....
Posted: 15 May 2008, 17:16
by snow hope
biffvernon wrote:I've just taken delivery of sixty cubic feet of oak - the price has not changed at all in four years
How much?
I went out with my trailer last night around an industrial estate and picked up 9 discarded pallets off the pavements - filled the trailer. Very pleased. Going out again tonight.
Posted: 15 May 2008, 21:27
by biffvernon
I don't think I would make windows out of old pallets, but I get air dried English oak at between ?20 and ?25 per cubic foot, depending on board thickness.
Posted: 15 May 2008, 22:52
by chris25
I've just taken delivery of sixty cubic feet of oak - the price has not changed at all in four years
Our firewood bill had gone up quite a bit (maybe demand?), and also heard that wood prices were going up although no where near as fast as food.
Posted: 16 May 2008, 07:18
by mikepepler
chris25 wrote:Food and fuel prices are weighted at their 2003 levels
:roll
So perhaps we will see a mighty jump when the weightings are eventually updated? Wonder when that's due...
Posted: 20 May 2008, 23:38
by peaky2
mikepepler wrote:chris25 wrote:Food and fuel prices are weighted at their 2003 levels
:roll
So perhaps we will see a mighty jump when the weightings are eventually updated? Wonder when that's due...
Not when you're browsing the web Mike, that's for sure
Posted: 21 May 2008, 07:45
by mikepepler
peaky2 wrote:mikepepler wrote:chris25 wrote:Food and fuel prices are weighted at their 2003 levels
:roll
So perhaps we will see a mighty jump when the weightings are eventually updated? Wonder when that's due...
Not when you're browsing the web Mike, that's for sure
OK, not today then!
Posted: 21 May 2008, 12:15
by biffvernon
I just got this e-mail from one of my suppliers - it doesn't mention 3%.
For the attention of the Purchasing Department.
Dear Sirs,
As you may be aware, much of our raw material is imported from Europe. Over the last 6 months there has been a significant fall in the Euro / pound exchange rate and this has caused a rise in the cost of our raw materials.
The Euro is now around 1.25 which is an approxiamte increase of 14% over the last 6 months. We hope that this will recitify itself, but until it does so, unfortunately we are going to have to act now.
Instead of putting a price increase on products, from 1st June 2008 we are going to add an 8% ? / ? surcharge onto all invoices. This will be a temporary measure and as soon as there is significant improvement in the exchange rate, we will remove this surcharge.
It is unfortunate that we have to do this, but we see no alternative option during this unstable economic climate, as I am sure you will appreciate.