Shocking inflation numbers today
18 October 2011, 02:57 PM
#33
Scooby Regular
iTrader: (6)
Join Date: Apr 2005
Location: Stroke it baby!
Posts: 33,828
Likes: 0
Received 0 Likes
on
0 Posts
Tenner it is then, that RPI will be 5.9% or above in November. 
13th December is the date I think, is it the second Tuesday of the following month it's released?
13th December is the date I think, is it the second Tuesday of the following month it's released?
Last edited by cookstar; 18 October 2011 at 02:59 PM.
18 October 2011, 03:09 PM
#35
I've had a pay freeze for the last 2-3 years, I just wonder what's going to happen when the pay freeze "ends" for millions of public sector workers...........10% pay rise ? dream on !
Shaun
Shaun
18 October 2011, 03:21 PM
#38
Scooby Regular
iTrader: (6)
Join Date: Apr 2005
Location: Stroke it baby!
Posts: 33,828
Likes: 0
Received 0 Likes
on
0 Posts
For next months RPI, surely we will have to wait until December for the figure?
But I'll go with the 15th Nov figure though.
But I'll go with the 15th Nov figure though.
Last edited by cookstar; 18 October 2011 at 03:23 PM.
18 October 2011, 03:23 PM
#39
Scooby Regular
Thread Starter
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
Hold on, you said RPI would be 5.9% (or above!) "in November".
If you're predicting November's RPI, that's a different bet. Now you really DO sound like a broker
If you're predicting November's RPI, that's a different bet. Now you really DO sound like a broker
18 October 2011, 03:59 PM
#41
Scooby Regular
iTrader: (9)
Join Date: Mar 2004
Location: .
Posts: 20,035
Likes: 0
Received 0 Likes
on
0 Posts
I think really, the utilities should be government controlled, most of the infrastructure they are makign their money out of was put in using public money originally and it irks me that the wealthy get share dividends and make profit on people just trying to keep warm, appreciate thats a bit too much like socialism but 20 percent rises to make profit on people not getting hypothermia seems like something that should perhaps be removed from profits or at least Cameron should have a little bit more control over them than a summit that tells people to shop about ffs.
18 October 2011, 04:05 PM
#43
Scooby Regular
Thread Starter
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
Not really, Lee. That'll be the 8% year-to-date fall in FTSE, which is probably where you have a lot of your money invested. That along with 5.2% inflation will compound the loss. In this environment, i'm surprised you were horrified - it's not a one-way street, unfortunately...
18 October 2011, 04:10 PM
#44
SN Fairy Godmother
Join Date: Nov 2003
Location: Far Far Away
Posts: 35,246
Likes: 0
Received 0 Likes
on
0 Posts
Not really, Lee. That'll be the 8% year-to-date fall in FTSE, which is probably where you have a lot of your money invested. That along with 5.2% inflation will compound the loss. In this environment, i'm surprised you were horrified - it's not a one-way street, unfortunately...
18 October 2011, 04:14 PM
#46
Scooby Regular
Join Date: Oct 2001
Location: ....
Posts: 6,621
Likes: 0
Received 0 Likes
on
0 Posts
18 October 2011, 04:15 PM
#47
Mine will go to keep my missus in Honda Jazz's and lunches out with the other crusty old grannies when im gone !
18 October 2011, 04:15 PM
#48
SN Fairy Godmother
Join Date: Nov 2003
Location: Far Far Away
Posts: 35,246
Likes: 0
Received 0 Likes
on
0 Posts
18 October 2011, 04:17 PM
#49
SN Fairy Godmother
Join Date: Nov 2003
Location: Far Far Away
Posts: 35,246
Likes: 0
Received 0 Likes
on
0 Posts
Last edited by Lee247; 18 October 2011 at 04:18 PM.
18 October 2011, 04:20 PM
#50
Scooby Regular
Join Date: Oct 2001
Location: ....
Posts: 6,621
Likes: 0
Received 0 Likes
on
0 Posts
18 October 2011, 04:21 PM
#51
Scooby Regular
Join Date: Dec 2002
Location: Sunny BELFAST
Posts: 19,408
Likes: 0
Received 0 Likes
on
0 Posts
18 October 2011, 04:23 PM
#52
SN Fairy Godmother
Join Date: Nov 2003
Location: Far Far Away
Posts: 35,246
Likes: 0
Received 0 Likes
on
0 Posts
18 October 2011, 04:25 PM
#53
Scooby Regular
Join Date: Dec 2002
Location: Sunny BELFAST
Posts: 19,408
Likes: 0
Received 0 Likes
on
0 Posts
what are mainland prices like. typical cold spell and the prices go up. was £514 last week ffs.
18 October 2011, 04:33 PM
#54
SN Fairy Godmother
Join Date: Nov 2003
Location: Far Far Away
Posts: 35,246
Likes: 0
Received 0 Likes
on
0 Posts
18 October 2011, 07:52 PM
#56
Scooby Regular
in a government run hovel of an OAP home when your 80.
Last edited by EddScott; 18 October 2011 at 07:53 PM.
18 October 2011, 08:06 PM
#57
Scooby Regular
Join Date: Feb 2003
Location: Zed Ess Won Hay Tee
Posts: 21,611
Likes: 0
Received 0 Likes
on
0 Posts
The lads at work are all expecting about 2-3% pay increase in january, my contract states that i will get whatever they get + 5.5% extra for the next 5 years until i reach the pay rate that they are all on.
So i will be slightly better off next year
So i will be slightly better off next year
18 October 2011, 08:11 PM
#58
Scooby Regular
Not sure why people keep saying money in the bank now is worthless. To some extent it always has been, there has always been inflation so money in the bank almost always loses purchasing power if you look at it like that.
However if just commodities are rising in nominal value by x% that does not mean the money you have in the bank is losing purchasing power by x%. If you have £100k in the bank you were hardly going to spend that all on gas and bread. If the other major assets ie equities/properties aren't really rising/are falling/are very volatile then your cash could end up actually buying more of these.
So unless you feel properties, equities etc will return more than inflation once
buying costs and potential downsides have been take into account then cash in the bank is ok.
Pslewis has proven himself once again to be a prize knb jockey. He says money in the banks will be lost when they all fold so put your money into property. Does it occur to that 8ck sucker that if all the high street banks fold and all UK savers lose their money there will be no property market left?
Psl = tw8t
However if just commodities are rising in nominal value by x% that does not mean the money you have in the bank is losing purchasing power by x%. If you have £100k in the bank you were hardly going to spend that all on gas and bread. If the other major assets ie equities/properties aren't really rising/are falling/are very volatile then your cash could end up actually buying more of these.
So unless you feel properties, equities etc will return more than inflation once
buying costs and potential downsides have been take into account then cash in the bank is ok.
Pslewis has proven himself once again to be a prize knb jockey. He says money in the banks will be lost when they all fold so put your money into property. Does it occur to that 8ck sucker that if all the high street banks fold and all UK savers lose their money there will be no property market left?
Psl = tw8t
Last edited by Dingdongler; 18 October 2011 at 08:13 PM.
18 October 2011, 10:15 PM
#60
Scooby Regular
500 today is still 500 next year. If you want something now and its 500 but next year its 505 because of inflation you could always offer 500 which is likely to be accepted. Keeping the money in the bank isnt too big a deal. If in 5 years time the thing you want is say 600. Your 500 might not cut it.
The point is, inflation drag will begin to affect deposit savings over time. Not so much in the short term but worse over medium to long term. Medium to long term savings might be better in investment savings.
The point is, inflation drag will begin to affect deposit savings over time. Not so much in the short term but worse over medium to long term. Medium to long term savings might be better in investment savings.