‘Corporate Greed continues to push boundaries and take the piss, but let’s reframe it as inflation’
[removed]
>Britain is now emerging as an outlier in the rich world, with most of its peers’ respective inflation rates steadily falling since the autumn.
I thought Germany and France both showed recent rises in inflation so not sure this is accurate.
wirtth it for are Brexit
Somehow I suspect the very same “it’s actually corporates taking advantage of it to boost profits” effect that the ECB found in the Eurozone is happenning in the UK.
In fact given the current “by the rich for the rich” current UK Government it would’ve been surprising otherwise.
“Leaps” from 10.1% to 10.4%, “smashing” forecast that was 9.9%.
Can some regards please start to understand, that inflation is measured yoy.
It would take massive deflation to not have inflation until september
It’s more about psychology than raw numbers at the moment. When the inflation forecast is “smashed” or whatever, trust is eroded and pessimism increases, especially if growth is also weak.
Don’t worry the pension cap cut means when you have your first million, you can keep on paying in. All is fine.
Our most recent numbers have wage growth at 5.7% and inflation at 10.4%, which is pretty terrible. We’ve also clearly had worse numbers economically speaking than Europe’s big hitters for quite a few years now. Brexit has been a part of it.
For some near term context though, Germany’s wage growth is currently sat at -5.7% and inflation is 8.7%, which living standards wise is worse than our most recent two. France are at 0.9% and 6.3%, which is also worse. Italy’s is 2.1% and 9.1%, again, worse.
That isn’t to say we’ve come out better, our economy is currently considerably more fucked post pandemic, but citing inflation every quarter and ignoring wage growth, makes little sense. Purchasing power is what matters.
15 comments
‘Corporate Greed continues to push boundaries and take the piss, but let’s reframe it as inflation’
[removed]
>Britain is now emerging as an outlier in the rich world, with most of its peers’ respective inflation rates steadily falling since the autumn.
I thought Germany and France both showed recent rises in inflation so not sure this is accurate.
wirtth it for are Brexit
Somehow I suspect the very same “it’s actually corporates taking advantage of it to boost profits” effect that the ECB found in the Eurozone is happenning in the UK.
In fact given the current “by the rich for the rich” current UK Government it would’ve been surprising otherwise.
“Leaps” from 10.1% to 10.4%, “smashing” forecast that was 9.9%.
Can some regards please start to understand, that inflation is measured yoy.
It would take massive deflation to not have inflation until september
It’s more about psychology than raw numbers at the moment. When the inflation forecast is “smashed” or whatever, trust is eroded and pessimism increases, especially if growth is also weak.
Don’t worry the pension cap cut means when you have your first million, you can keep on paying in. All is fine.
Our most recent numbers have wage growth at 5.7% and inflation at 10.4%, which is pretty terrible. We’ve also clearly had worse numbers economically speaking than Europe’s big hitters for quite a few years now. Brexit has been a part of it.
For some near term context though, Germany’s wage growth is currently sat at -5.7% and inflation is 8.7%, which living standards wise is worse than our most recent two. France are at 0.9% and 6.3%, which is also worse. Italy’s is 2.1% and 9.1%, again, worse.
That isn’t to say we’ve come out better, our economy is currently considerably more fucked post pandemic, but citing inflation every quarter and ignoring wage growth, makes little sense. Purchasing power is what matters.
**Edit:**
**Core inflation**
UK: 6.2%
France: 6.1%
Germany: 5.7%
[**Wage Growth**](https://tradingeconomics.com/country-list/wage-growth)
[**Inflation**](https://tradingeconomics.com/country-list/inflation-rate)
[**Core inflation**](https://tradingeconomics.com/country-list/core-inflation-rate)
They are red white and bluing the heck out of this Brexit.
SMASHING!
Oh no, 10%. Poor brits will starve /s
What a pickle – raise rates and the banking sector blows up further. Reduce rates and demand increases, fuelling inflation.
Are we winning yet? – Brexiteers