Yet other European countries – Germany: 7.4% (fall from 8.7%), France: 5.7% (fall from 6.3%), something is rotten in the state of England and it begins with B.
Looks like rates will have to go up again. Entrenched inflation is like a corrosive acid for the economy. But then again higher rates mean your average man/woman start getting thrown out of their homes when their mortgage renews.
Dear lord the next year is going to be rough.
I’m really starting to feel this when grocery shopping. A random small basket shop easily adds up to £50+ nowadays.
Anyone remembers that time when we were told Labour government would result in record high inflation at last election.
Gotta love how it always seems to be a different few items of food that are “soaring” and causing inflation each time this is reported.
Interesting that it’s the same figure as Januarys 10.1%. Went up in Feb, then back to Jan inflation figure.
Food, drink and energy prices are a joke still. It won’t ever go down.
Food inflation is 19.2%
For the majority of people, this is the real level of inflation.
This is 10.1% more than last year…
​
The rate of increase has slowed SLIGHTLY
​
So it’s not accelerating quite as fast as it was…
​
This is not cause for celebration…
​
This is the continuation of uncontrolled rampant inflation.
I am going to be controversial. The reason the supermarkets are profiting like they are is that there is no mechanism forcing them to publish prices in a way that is comparable to others.
If we had an API for supermarket baskets and products people could shop around more easily and our tech industry would grow.
The competition authority need to act.
How much of this is now just rampant profiteering by shops and companies on top of rising costs?
So, really, inflation hasnt budged and is still rampantly uncontrolled. Feb/Mar last year is when inflation really started to get going, and we’re still posting double-digit inflation on top of this.
Truflation has UK inflation at 16.16% today – [https://truflation.com/](https://truflation.com/)
And yet the BOE were talking about decreasing interest rates! Get rid of Silvano Teneryo
Oh so now we only have to sell one kidney to survive, Amazing News
Food prices specifically?
Anything to do with the withdrawal of EU farming subsidies?
Really dumb question but what does this 10% mean? e.g 1st Jan 2022 the basket of goods was 100, then on 1st Jan 2023 it’s 110? (assume 10% inflation) but then on 1st Feb 2023 is it 110 + 10% i.e. 121?
Obviously that doesn’t make sense for a single month, so I assume it means compared to 1st Feb 2022. But unless we know what happened between Jan 2022 and Feb 2022, does a year on year inflation figure mean much? Like if last year between Jan and Feb 22 prices rose really high then the Feb 22 to Feb 23 inflation will naturally will be lower no?
Why can’t they use a stock market type index, so we can say that the index is at an all time high or not. The change in the index value doesn’t seem super intuitive to me but maybe I’m looking at it wrong.
What is really damaging to the economy and rhymes with wrecks it?
Tories need you to work harder, kept telling you, didn’t listen so we will give you choice, work harder or starve, it’s the Tory way to help poor, soon be telling us to get 2nd or third jobs just like Americans , once tories privatise nhs you will need money to pay for health so need to work harder to make us richer , it’s the Tory way
So uh, noob question, will this mean my mortgage payment goes down slightly? (I’m on a tracker)
10%? have they got Dianne Abbott doing the calculations?
Good thing about this country – everyone is allowed to vote
Bad thing about this country – everyone is allowed to vote
I’ve said this before and I still don’t understand. Where does this 10% come from?
Like so many things that were and have been exactly £1 for many years are now at least £1.25 or more. A tablet I had saved in my Argos basket went up from £200 to £269 over the weekend.
I can’t think of many things that haven’t gone up by at least 20%
The social compact the West has always made with their governments is as follows: cheap food, cheap fuel (or plentiful public transit), heat the house, have a roof over your head.
Get people to work, get them fed, keep them off the streets, and keep their houses warm, and overall, it prevents the worst of the social discord.
But when energy costs and groceries are through the fucking roof, when they’re exacerbated by greedflation *and* shrinkflation, when “crisis” is the permanent state of housing, when transportation costs make getting to your shitty job expensive — and governments are unresponsive? — that is how you get blood running in the streets.
I’m not a revolutionary by any stretch, but I’m smart enough to spot the metaphorical guillotines a mile away.
BoE have chosen to prolong the pain with their minimal interest rate hikes. Needs a big hike with some short term pain so we can finally start to get out of this mess
> Inflation dips
Inflation is compounding, and I get that it’s difficult to understand, but fuck all has dipped. It’s still a runaway train over the last two years.
THIS IS BREXIT- THIS IS ALL FUCKING BREXIT! THE GOVERNMENT ROYALLY FUCKING DROVE THIS COUNTRY OFF A CLIFF AND NOBODY DID ANYTHING TO STOP IT
27 comments
Yet other European countries – Germany: 7.4% (fall from 8.7%), France: 5.7% (fall from 6.3%), something is rotten in the state of England and it begins with B.
Looks like rates will have to go up again. Entrenched inflation is like a corrosive acid for the economy. But then again higher rates mean your average man/woman start getting thrown out of their homes when their mortgage renews.
Dear lord the next year is going to be rough.
I’m really starting to feel this when grocery shopping. A random small basket shop easily adds up to £50+ nowadays.
Anyone remembers that time when we were told Labour government would result in record high inflation at last election.
Gotta love how it always seems to be a different few items of food that are “soaring” and causing inflation each time this is reported.
Interesting that it’s the same figure as Januarys 10.1%. Went up in Feb, then back to Jan inflation figure.
Food, drink and energy prices are a joke still. It won’t ever go down.
Food inflation is 19.2%
For the majority of people, this is the real level of inflation.
This is 10.1% more than last year…
​
The rate of increase has slowed SLIGHTLY
​
So it’s not accelerating quite as fast as it was…
​
This is not cause for celebration…
​
This is the continuation of uncontrolled rampant inflation.
I am going to be controversial. The reason the supermarkets are profiting like they are is that there is no mechanism forcing them to publish prices in a way that is comparable to others.
If we had an API for supermarket baskets and products people could shop around more easily and our tech industry would grow.
The competition authority need to act.
How much of this is now just rampant profiteering by shops and companies on top of rising costs?
So, really, inflation hasnt budged and is still rampantly uncontrolled. Feb/Mar last year is when inflation really started to get going, and we’re still posting double-digit inflation on top of this.
Truflation has UK inflation at 16.16% today – [https://truflation.com/](https://truflation.com/)
Based on 10m+ data points tracked in real time – [https://truflation.com/methodology/](https://truflation.com/methodology/)
And yet the BOE were talking about decreasing interest rates! Get rid of Silvano Teneryo
Oh so now we only have to sell one kidney to survive, Amazing News
Food prices specifically?
Anything to do with the withdrawal of EU farming subsidies?
Really dumb question but what does this 10% mean? e.g 1st Jan 2022 the basket of goods was 100, then on 1st Jan 2023 it’s 110? (assume 10% inflation) but then on 1st Feb 2023 is it 110 + 10% i.e. 121?
Obviously that doesn’t make sense for a single month, so I assume it means compared to 1st Feb 2022. But unless we know what happened between Jan 2022 and Feb 2022, does a year on year inflation figure mean much? Like if last year between Jan and Feb 22 prices rose really high then the Feb 22 to Feb 23 inflation will naturally will be lower no?
Why can’t they use a stock market type index, so we can say that the index is at an all time high or not. The change in the index value doesn’t seem super intuitive to me but maybe I’m looking at it wrong.
What is really damaging to the economy and rhymes with wrecks it?
Tories need you to work harder, kept telling you, didn’t listen so we will give you choice, work harder or starve, it’s the Tory way to help poor, soon be telling us to get 2nd or third jobs just like Americans , once tories privatise nhs you will need money to pay for health so need to work harder to make us richer , it’s the Tory way
So uh, noob question, will this mean my mortgage payment goes down slightly? (I’m on a tracker)
10%? have they got Dianne Abbott doing the calculations?
Good thing about this country – everyone is allowed to vote
Bad thing about this country – everyone is allowed to vote
I’ve said this before and I still don’t understand. Where does this 10% come from?
Like so many things that were and have been exactly £1 for many years are now at least £1.25 or more. A tablet I had saved in my Argos basket went up from £200 to £269 over the weekend.
I can’t think of many things that haven’t gone up by at least 20%
The social compact the West has always made with their governments is as follows: cheap food, cheap fuel (or plentiful public transit), heat the house, have a roof over your head.
Get people to work, get them fed, keep them off the streets, and keep their houses warm, and overall, it prevents the worst of the social discord.
But when energy costs and groceries are through the fucking roof, when they’re exacerbated by greedflation *and* shrinkflation, when “crisis” is the permanent state of housing, when transportation costs make getting to your shitty job expensive — and governments are unresponsive? — that is how you get blood running in the streets.
I’m not a revolutionary by any stretch, but I’m smart enough to spot the metaphorical guillotines a mile away.
BoE have chosen to prolong the pain with their minimal interest rate hikes. Needs a big hike with some short term pain so we can finally start to get out of this mess
> Inflation dips
Inflation is compounding, and I get that it’s difficult to understand, but fuck all has dipped. It’s still a runaway train over the last two years.
THIS IS BREXIT- THIS IS ALL FUCKING BREXIT! THE GOVERNMENT ROYALLY FUCKING DROVE THIS COUNTRY OFF A CLIFF AND NOBODY DID ANYTHING TO STOP IT
https://www.ftadviser.com/investments/2021/08/05/boe-warns-on-inflation-but-still-expects-it-to-be-transitory/
They are as clueless as anyone else, possibly moreso.