Ahh so the completely fictitious number went down slightly instead of continuing to spiral out of control.
Whoopdifuckingdoo?
‘Inflation maintained at over 10%’
It’s crazy how inflation is being talked about in the news, especially with the strikes. Union leaders are challenged with presenters saying inflation will come down so why do you think you should get inflation matching increases. Completely ignoring the point any child understands, that prices don’t come back down. Deflation will terrify the government far more than inflation.
Can’t wait to save .2% on my weekly shop, good news everyone
Nov ’21 5.1% + Nov ’22 10.7% ≈ 16.3% over 2yrs
Dec ’21 5.3% + Dec ’22 10.5% ≈ 16.5% over 2yrs
Inflation is still increasing
Rejoice at that news. Time to break out the bunting and have a street party…
If it’s a measure of inflation over a year, surely that’s because we are approaching a year since massive inflation kicking off. We’re starting to compound inflation now, that’s why the number is smaller, the starting point has been baked in.
And now the greedy mobile and broadband companies will be increasing your bill by 14.4% in the coming months!
More importantly this is the figure companies will be basing their CPI+3.9% price rises on come April.
14.4% increase to things like broadband and mobile packages incoming.
Down is better than up of course, but sadly we are not yet seeing the scale of drops seen in other Western European nations (Spain down 1.1% to 5.7%; France down 0.3% to 5.9%; and even Germany with all their problems down 1.4% to 8.6%. Fans of pointing out the EU average of down 0.4% to 11.1% will note the affect of high levels in eastern nations close to Russia has on the average). Hopefully we’ll catch up soon.
Best put up interest rates that should stop people buying fuel and bring the costs down. I mean how can you buy gas when your mortgage or rent goes up.
Meanwhile whole sale prices are back to pre war levels.
Government are using tax money to pay them so they don’t make tax payers pay more!?!?
I’ve would have never considered it but nationalise these assholes.
Well gosh, I guess I can stop making leftovers into soup and book that two week Carribbean cruise.
Pay freeze for me this year. Time to dust off the CV/LinkedIn
Normally I don’t whine about how the news is presented, but here we go.
The radio is saying “inflation has come down for the second month in a row!”, and giving a bunch of oil related reasons, without mentioning that it’s still freaking insanely high, and that it’s only a teeny tiny bit below the peak.
Whether it’s 10%, 11%, or 12% doesn’t matter at all, so long as it stays in that region we’re going to have huge issues in this country.
I’ll bust out the champagne.
Sunak bought it for me with the tears of starving peasants.
This is a good sign, and something I have been thinking would happen.
Driving factor for inflation Europe wide is increased fossil fuel prices, however they’re not getting higher and are even coming down a bit.
They were a one off shock to the system, which has now mostly been accounted for in price rises by sellers of goods and services.
So we should see inflation reduce quite quickly, from Q2 onwards (12 months from Ukraine war starting)..
If wage increases (non-real terms) keep up the level they have been at the past few years, us workers will be in a very good position in a few years time.
Assuming no more big geopolitical events, which is a big assumption nowadays.
Inflation sustained at well over failed Tory governments 2% target.
Inflation isn’t coming down anywhere near as quickly as in the US, and looks to be getting dangerously entrenched here. The Bank of England need to pull its finger out and get interest rates up up up, or we’re going to be in serious trouble.
[deleted]
This is all so disingenuous and pure distraction. Inflation dropping doesn’t mean prices come down, it means the rate of increase is slowing. Stuff isn’t going backwards, you need deflation for that.
BoE will be forced into hiking interest rates even higher
What this really means is not that prices are coming down, instead it means that prices are going up slightly less quickly.
To undo the inflation we’ve recently experienced, we’d need a period of deflation and no major western economy wants to go anywhere near that.
Prices are going up and that’s part of the planning of our economy, they just shouldn’t be going up as quickly as they are.
The important part is that wages need to be going up in line with this number and this number needs to be measured in the most accurate and genuine way possible, which many would say it currently isn’t.
Thank goodness, everyone can stop striking now. /s
Inflation is bullshit,mask for capitalist greed and stolen wages
Yay, this just gives my employer more reason to argue a 1.2% payrise this year is generous.
Private company, data analyst. Piss poor wage.
Big congratulations to the Tories on sorting this mess out, you’ve got my vote.
On the ground everyone is suffering, poor pay, can’t afford heating, can’t afford to eat well… but the Government cheer about 0.1% economic growth, and inflation easing by 0.2%
When did society get reduced to fractional percentages of arbitrary figures as key indicator of things being good or not?
wow, I am going to run right out and buy a bunch of useless crap now.
Why do they report “year to date” figures every month?
It makes it impossible to see whether this is due to a big spike X months ago that’s baked in now, or whether it’s due to constant rising pressure, without going back over the figures yourself.
Or something?
Still don’t get this, Jeremy hunt released a video today where he said food inflation has been 16% and even more for the poorest in the country. Energy bills have gone up by 100% or more for many people, housing has definitely risen by 20% at least. But you add all this together and its less than 11%. The cost of living is going to be closer 25-30% higher for most people, the official inflation figures are very misleading
Good news everyone. Let’s call off the strikes because of that 0.2% less of a pay cut.
Basically a rounding error, then – it’s still over 10% which is pretty huge
Pointless stat. Everything’s still fucking more expensive.
Join a union – Organize and fight for higher wages – Fight against corporations and the government oppressing you with an insane cost of living. Join online: https://www.tuc.org.uk/join-a-union
Wow how fucking amazing i get to have -£99 at the end of the month as opposes to -£100 looks like i might be able to buy a mayo chicken this month
If this inflation was truly about the Ukraine war then this should be equalling out already. The Ukraine caused increased prices should be factored into prices already. Why is it still 10%+ in the UK? I don’t know how we can be expected to live like this.
Yeah, now everyone be happy because that the target of this kind of manipulation tactics.
They increase and increase the prices because whatever reasons (everyone suffers yet companies make bilions profits since pandemics, wierd, hu?) And just keep and keep increasing until they see people stop buying. Than they stop increase (because the prices are totally up to them. There is no regulation, no cap, nothing, they can sell it at whatever they want because it’s thir brand) and than….lower the pice…and now we all need to be happy, grateful even!! (Aka during talk shows and such, the obviously paid off employees are shocked when a protester ask for lower prices, when the prices when down….yeah!) But sure, I’m definitely just writing a conspiracy theory while milions of people wait months for an operational through NHS, but can get it next week if private insurance? Yeah yeah, definitly everything ok, definitly nothing we can help, you know, like actually funding the NHS, hire capable staff, open more place, to reduce the waiting list. And there wre tons of other aspects….but hey, at least there are more bilioners in the UK then ever, good job for our government that they have thir priorities straight(/s…..)
Just to state the obvious, if inflation was to drop ridiculously fast to 0% that doesn’t mean the cost of living crisis is over. It just means that prices are no longer going up. The number of people I’ve heard say “just give the workers a one off payment to get through until it calms down” is worrying.
Can anyone ELI5… why does inflation stay high? Surely after the huge jumps it should be zero for a bit?
Behold, *The Brexit Dividend.*
Don’t spend it all at once.
Why are we acting so slowly on this.
Rates need to go up.
yaaaay we only have 10.5% inflation! that’s so low!
Prices are being kept high and shall remain high, regardless of the official inflation figure. In real terms for most of us, inflation is considerably higher and I’d argue it’s at at 20% at the very least when you consider that many consumer items have increased by much more that in price over the past several years.
45 comments
If the graph is any indicator then it’s gonna be a fucked up decade, similar to the 1970s.
https://www.macrotrends.net/countries/GBR/united-kingdom/inflation-rate-cpi
Ahh so the completely fictitious number went down slightly instead of continuing to spiral out of control.
Whoopdifuckingdoo?
‘Inflation maintained at over 10%’
It’s crazy how inflation is being talked about in the news, especially with the strikes. Union leaders are challenged with presenters saying inflation will come down so why do you think you should get inflation matching increases. Completely ignoring the point any child understands, that prices don’t come back down. Deflation will terrify the government far more than inflation.
Can’t wait to save .2% on my weekly shop, good news everyone
Nov ’21 5.1% + Nov ’22 10.7% ≈ 16.3% over 2yrs
Dec ’21 5.3% + Dec ’22 10.5% ≈ 16.5% over 2yrs
Inflation is still increasing
Rejoice at that news. Time to break out the bunting and have a street party…
If it’s a measure of inflation over a year, surely that’s because we are approaching a year since massive inflation kicking off. We’re starting to compound inflation now, that’s why the number is smaller, the starting point has been baked in.
And now the greedy mobile and broadband companies will be increasing your bill by 14.4% in the coming months!
More importantly this is the figure companies will be basing their CPI+3.9% price rises on come April.
14.4% increase to things like broadband and mobile packages incoming.
Down is better than up of course, but sadly we are not yet seeing the scale of drops seen in other Western European nations (Spain down 1.1% to 5.7%; France down 0.3% to 5.9%; and even Germany with all their problems down 1.4% to 8.6%. Fans of pointing out the EU average of down 0.4% to 11.1% will note the affect of high levels in eastern nations close to Russia has on the average). Hopefully we’ll catch up soon.
Best put up interest rates that should stop people buying fuel and bring the costs down. I mean how can you buy gas when your mortgage or rent goes up.
Meanwhile whole sale prices are back to pre war levels.
Government are using tax money to pay them so they don’t make tax payers pay more!?!?
I’ve would have never considered it but nationalise these assholes.
Well gosh, I guess I can stop making leftovers into soup and book that two week Carribbean cruise.
Pay freeze for me this year. Time to dust off the CV/LinkedIn
Normally I don’t whine about how the news is presented, but here we go.
The radio is saying “inflation has come down for the second month in a row!”, and giving a bunch of oil related reasons, without mentioning that it’s still freaking insanely high, and that it’s only a teeny tiny bit below the peak.
Whether it’s 10%, 11%, or 12% doesn’t matter at all, so long as it stays in that region we’re going to have huge issues in this country.
I’ll bust out the champagne.
Sunak bought it for me with the tears of starving peasants.
This is a good sign, and something I have been thinking would happen.
Driving factor for inflation Europe wide is increased fossil fuel prices, however they’re not getting higher and are even coming down a bit.
They were a one off shock to the system, which has now mostly been accounted for in price rises by sellers of goods and services.
So we should see inflation reduce quite quickly, from Q2 onwards (12 months from Ukraine war starting)..
If wage increases (non-real terms) keep up the level they have been at the past few years, us workers will be in a very good position in a few years time.
Assuming no more big geopolitical events, which is a big assumption nowadays.
Inflation sustained at well over failed Tory governments 2% target.
Inflation isn’t coming down anywhere near as quickly as in the US, and looks to be getting dangerously entrenched here. The Bank of England need to pull its finger out and get interest rates up up up, or we’re going to be in serious trouble.
[deleted]
This is all so disingenuous and pure distraction. Inflation dropping doesn’t mean prices come down, it means the rate of increase is slowing. Stuff isn’t going backwards, you need deflation for that.
BoE will be forced into hiking interest rates even higher
What this really means is not that prices are coming down, instead it means that prices are going up slightly less quickly.
To undo the inflation we’ve recently experienced, we’d need a period of deflation and no major western economy wants to go anywhere near that.
Prices are going up and that’s part of the planning of our economy, they just shouldn’t be going up as quickly as they are.
The important part is that wages need to be going up in line with this number and this number needs to be measured in the most accurate and genuine way possible, which many would say it currently isn’t.
Thank goodness, everyone can stop striking now. /s
Inflation is bullshit,mask for capitalist greed and stolen wages
Yay, this just gives my employer more reason to argue a 1.2% payrise this year is generous.
Private company, data analyst. Piss poor wage.
Big congratulations to the Tories on sorting this mess out, you’ve got my vote.
On the ground everyone is suffering, poor pay, can’t afford heating, can’t afford to eat well… but the Government cheer about 0.1% economic growth, and inflation easing by 0.2%
When did society get reduced to fractional percentages of arbitrary figures as key indicator of things being good or not?
wow, I am going to run right out and buy a bunch of useless crap now.
Why do they report “year to date” figures every month?
It makes it impossible to see whether this is due to a big spike X months ago that’s baked in now, or whether it’s due to constant rising pressure, without going back over the figures yourself.
Or something?
Still don’t get this, Jeremy hunt released a video today where he said food inflation has been 16% and even more for the poorest in the country. Energy bills have gone up by 100% or more for many people, housing has definitely risen by 20% at least. But you add all this together and its less than 11%. The cost of living is going to be closer 25-30% higher for most people, the official inflation figures are very misleading
Good news everyone. Let’s call off the strikes because of that 0.2% less of a pay cut.
Basically a rounding error, then – it’s still over 10% which is pretty huge
Pointless stat. Everything’s still fucking more expensive.
Join a union – Organize and fight for higher wages – Fight against corporations and the government oppressing you with an insane cost of living. Join online: https://www.tuc.org.uk/join-a-union
Wow how fucking amazing i get to have -£99 at the end of the month as opposes to -£100 looks like i might be able to buy a mayo chicken this month
If this inflation was truly about the Ukraine war then this should be equalling out already. The Ukraine caused increased prices should be factored into prices already. Why is it still 10%+ in the UK? I don’t know how we can be expected to live like this.
Yeah, now everyone be happy because that the target of this kind of manipulation tactics.
They increase and increase the prices because whatever reasons (everyone suffers yet companies make bilions profits since pandemics, wierd, hu?) And just keep and keep increasing until they see people stop buying. Than they stop increase (because the prices are totally up to them. There is no regulation, no cap, nothing, they can sell it at whatever they want because it’s thir brand) and than….lower the pice…and now we all need to be happy, grateful even!! (Aka during talk shows and such, the obviously paid off employees are shocked when a protester ask for lower prices, when the prices when down….yeah!) But sure, I’m definitely just writing a conspiracy theory while milions of people wait months for an operational through NHS, but can get it next week if private insurance? Yeah yeah, definitly everything ok, definitly nothing we can help, you know, like actually funding the NHS, hire capable staff, open more place, to reduce the waiting list. And there wre tons of other aspects….but hey, at least there are more bilioners in the UK then ever, good job for our government that they have thir priorities straight(/s…..)
Just to state the obvious, if inflation was to drop ridiculously fast to 0% that doesn’t mean the cost of living crisis is over. It just means that prices are no longer going up. The number of people I’ve heard say “just give the workers a one off payment to get through until it calms down” is worrying.
Can anyone ELI5… why does inflation stay high? Surely after the huge jumps it should be zero for a bit?
Behold, *The Brexit Dividend.*
Don’t spend it all at once.
Why are we acting so slowly on this.
Rates need to go up.
yaaaay we only have 10.5% inflation! that’s so low!
Prices are being kept high and shall remain high, regardless of the official inflation figure. In real terms for most of us, inflation is considerably higher and I’d argue it’s at at 20% at the very least when you consider that many consumer items have increased by much more that in price over the past several years.
What are you guys gonna spend your 0.2% on?
I think I may get a 2nd home with mine…
*Anakin & Padme meme*
“Inflation is coming down” 😌
“Oh cool so that’ll bring prices down right?”😃
😌
“…that’ll bring prices down right?…”