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Old 13 May 2008, 11:17 AM
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MattW
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Default Inflation at 3%

Batten down the hatches

BBC NEWS | Business | UK inflation jumps to 3% in April
Old 13 May 2008, 11:42 AM
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stilover
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Would love to know what it really is. Not this Government massaged figure.
Old 13 May 2008, 11:44 AM
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Mitchy260
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It's good for me in respects to salary. My annual inflation increase this year is based on the RPI figure that has just been released today.
Old 13 May 2008, 11:57 AM
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MJW
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You'll be able to use your 3% pay rise to pay for the 15% increase in your electricity and gas bills !
Old 13 May 2008, 11:58 AM
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TopBanana
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Originally Posted by stilover
Would love to know what it really is. Not this Government massaged figure.
You could probably work out your own figure easily enough, provided you haven't moved house or changed cars etc
Old 13 May 2008, 12:00 PM
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Mitchy260
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Originally Posted by MJW
You'll be able to use your 3% pay rise to pay for the 15% increase in your electricity and gas bills !
CPI at 3%
RPI at 4.2%

But yes you're right, i'll still be worse off than i was this time last year.

Its the poor sods who dont get any annual increases that i feel sorry for.
Old 13 May 2008, 12:06 PM
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MattW
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Originally Posted by Mitchy260

Its the poor sods who dont get any annual increases that i feel sorry for.

Me
Old 13 May 2008, 12:43 PM
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BargainGirl
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Originally Posted by MJW
You'll be able to use your 3% pay rise to pay for the 15% increase in your electricity and gas bills !
That would only work if the gas and electric bills equalled the salary!

I get RPI +Performance
Old 13 May 2008, 01:32 PM
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sti-04!!
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Originally Posted by BargainGirl
That would only work if the gas and electric bills equalled the salary!

I get RPI +Performance
Hi Pete
Old 13 May 2008, 02:21 PM
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pwhittle
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Originally Posted by MattW
Me
beats the -7% I've got to look forward to for the next 2 years!
Old 13 May 2008, 02:44 PM
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Originally Posted by Mitchy260
CPI at 3%
RPI at 4.2%

But yes you're right, i'll still be worse off than i was this time last year.

Its the poor sods who dont get any annual increases that i feel sorry for.
National Statistics Online

From 09/05/2003 to 09/05/2008 RPI overall growth = 17.90%
From 09/05/2004 to 09/05/2008 RPI overall growth = 14.90%
Old 13 May 2008, 03:04 PM
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Deep Singh
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Which jobs pay annual salary increases of RPI then? Lucky bastds!
Old 13 May 2008, 04:19 PM
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Mitchy260
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Originally Posted by Deep Singh
Which jobs pay annual salary increases of RPI then? Lucky bastds!
5 year paydeal secured by union at work (Aircraft engineering company)

5% /4% /3% /RPI+1.25% / RPI +1.25%

Im in 4th year of current paydeal so RPI +1.25% this year so i expect to see a payrise from 01/06 of 5.45%

Helps a little, but i suspect i will be no better off financially compared to this time last year.
Old 13 May 2008, 04:38 PM
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MrRA
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Our agreement in work is a minimum of 2.5% above inflation.
Old 13 May 2008, 05:28 PM
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This morning's news: food prices have risen on average 37% since last year. Fuel prices, not including petrol, up by over 40% with another HUGE whack to come.

Petrol prices up by over 30%. And STILL they insist inflation is 3%.

There are lies, damned lies and Labour lies
Old 13 May 2008, 05:34 PM
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Deep Singh
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Originally Posted by Mitchy260
5 year paydeal secured by union at work (Aircraft engineering company)

5% /4% /3% /RPI+1.25% / RPI +1.25%

Im in 4th year of current paydeal so RPI +1.25% this year so i expect to see a payrise from 01/06 of 5.45%

Helps a little, but i suspect i will be no better off financially compared to this time last year.
Wish I had a deal like that. Last year I got something like 1.8%, so even by the Govts fiddled figures I'm getting poorer. Its OK though as Gordon said that making public sector employees like me poorer would help curb inflation
Old 13 May 2008, 05:54 PM
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fast bloke
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Originally Posted by Deep Singh
Its OK though as Gordon said that making public sector employees like me poorer would help curb inflation
It does..... think how bad it would be if people actually had money to spend

Whats a pay increase anyway? Is that like when you do some extra work and earn more money, or do you employed people expect to get extra money for doing the same work? When the recession really hits hard and we get deflation instead of inflation, are you all going to ask for less money?
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