Inflation at 3%

chris25 · Post by **chris25** » 15 May 2008, 14:16

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?

phobos · Post by **phobos** » 15 May 2008, 14:26

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

WolfattheDoor · Post by **WolfattheDoor** » 15 May 2008, 14:30

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!

chris25 · Post by **chris25** » 15 May 2008, 14:40

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

chris25 · Post by **chris25** » 15 May 2008, 14:43

The CPI, measured by the Office of National Statistics, is based on the theory that food purchases take up 10% of household spending; gas and electricity some 3.5% and petrol 3.8%. For many households, particularly pensioners and low-income families, these are a very long way off the mark.

Andy Hunt · Post by **Andy Hunt** » 15 May 2008, 14:44

You never used to have to pay to put air in your tyres.

That's inflation for you.

biffvernon · Post by **biffvernon** » 15 May 2008, 14:51

I've just taken delivery of sixty cubic feet of oak - the price has not changed at all in four years

SunnyJim · Post by **SunnyJim** » 15 May 2008, 15:08

Andy Hunt wrote:You never used to have to pay to put air in your tyres.

That's inflation for you.

Boom tish.....

snow hope · Post by **snow hope** » 15 May 2008, 17:16

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.

biffvernon · Post by **biffvernon** » 15 May 2008, 21:27

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.

chris25 · Post by **chris25** » 15 May 2008, 22:52

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.

Post by **mikepepler** » 16 May 2008, 07:18

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...

peaky2 · Post by **peaky2** » 20 May 2008, 23:38

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

Post by **mikepepler** » 21 May 2008, 07:45

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!

biffvernon · Post by **biffvernon** » 21 May 2008, 12:15

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.

PowerSwitch

Inflation at 3%

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