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Inflation

Off_it
Off_it Posts: 28,882
edited August 2008 in Not Sports Related
Anyone know what the current "official" rate is? I've tried a search but only seem to be able to find the figures for last year.

Ta.

Comments

  • Badger
    Badger Posts: 4,842
    Depends what you want to inflate? :-)
  • bingaddick
    bingaddick Posts: 8,184
    From memory just over 3.8% using the measure the government/Bank of England use. The RPI is well over 4% though. Have a look at the BBC News website

    http://news.bbc.co.uk/1/hi/business/7547049.stm
  • Off_it
    Off_it Posts: 28,882
    Cheers Bing.

    Am going into bat tomorrow to discuss payrises, etc, so it always helps to know these things first!
  • Chirpy Red
    Chirpy Red Posts: 7,587
    edited August 2008
    CPI - the one that the Goverment favour is out today, could well be over 4%.
    The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish).

    Also the old fashioned RPI is also out.
    The Retail Price Index released by the National Statistics is a statistical measure of a weighted average of prices of a specified set of goods and services purchased by consumers. It is widely considered as a key measure of inflation that indicates an accurate reflection of the cost of living. A high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish)
  • WhenIwasLittleBoy
    WhenIwasLittleBoy Posts: 5,430
    if it is payrises the average is 3% or get the to round it to the nearest £500
  • razil
    razil Posts: 15,041
    with fuel prices dropping a bit, they may not have worked through the system yet, I think rates will stay as they are. Then again this Georgia thing may cause a serious problem.
  • HardyAddick
    HardyAddick Posts: 1,638
    off-it.

    RPI is now 5% but the more realistic CPI (Consumer Prices Index) is about 13.7% [food prices etc].

    good luck!!
  • carly burn
    carly burn Posts: 19,472
    edited December 2021
    Anyone involved on collective agreement negotiations at the moment?

    I see the Tesco drivers finally settled on a 6% rise for this year. Their union had previously rejected the 4% offer made by Tesco.

    They'll be lots of this in the coming months with inflation flying through the roof and big companies playing hard ball.
  • pickwick
    pickwick Posts: 1,649
    https://www.ons.gov.uk/economy/inflationandpriceindices

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