Monday, 16 February 2009

Inflation Is At 5 Year Low

One of the key measures of inflation, the consumer price index, went down to a five year low in the month of August.

But at 1.6 per cent. it was still higher then expected. The hub for National Statistics said. Experts had predicted CPI would be 1.4 per cent at the most.

The slump had mostly come from gas, electric, and food prices. Showing there biggest fall for August since the year 2000.

Retail Price Inflation, which includes housing costs and is the main method for pay deals, was 1.3 per cent in August to -1.4 per cent in July. The forecast was 1.5 per cent.

The Bank Of England is looking to keep inflation at 2 per cent to keep most prices and the wider economy healthy and stable. Governor Mervyn King said "It will be volatile for the next few months".

16 comments:

Anonymous said...

Inflation is a rip off!

U&U said...

Inflation should be banned.

Isn't it hard enough to live, with all the bills to pay, food to buy. They just want more and more. When will it stop and let average people get ahead instead of being stuck on the poverty line.

Ted Heath said...

I pay my taxes and the council still turn off all the lights at the back of my house of a night time so its pitch black. They do it just to save money. You cant see a thing out there. What about safety, dont they think of that - just to save about £3. What is happening to this place

ED BALLS _shambles said...

The public can be very powerful when they unite and stand as one.

The bankers lose all our money and we have to pay for it while they still get their million pound bonuses living in houses the size of a whole block of flats.

Put em on the dole. The ones responsible for losing all the money in the first place. Strip them of their possesions also.

Are these ROBBERS above the law? Because it certainly seems so. Getting away with it. ONe rule for them another for everyone else.

Great country we live in.

jono said...

ED BALLS you are right. The average people get the brunt of there mistakes. what do they get as punishment...PAID LEAVE + still in a job.

Anonymous said...

The economy should start to get better throughout 2010.

ECO Friendly said...

There are over 3.5 Million people out of worth, living on job seekers allowance in the UK alone. That kind of problem doesnt just heal up overnight.

The economic downturn has put many small businesses out of business.

And big businesses are not imuned either - remember woolworths..

trevor said...

I need more cash guys...mortgage is sucking me dry.

SAVE THE POUND said...

YOU NEED MONEY. I THINK WE ALL DO. GO GET ANOTHER JOB

mello said...

Food prices up again. House prices up. Gas and electric prices up. Can anyone really survive on the minimum wage with all the price rises. No wonder people cut corners to stay afloat.

bridge said...

USA will save the day

poliop said...

Vote BNP. They are the only party that are trying to close the gates to the UK.

We are over populated already but still they let more in. Thats why we have no jobs and no money.

Romerio said...

Who seen Nick on Queston Time. See how all the other panel members didnt even give him freedom of speech. As soon as he tried to answer they were like a pack of dogs. Why is he not allowed to have his opinion voiced?

Now if he was black or asian it would of got looked at as racist. Why is it different because he is white.


That whole panel on Question Time should be ashamed of themselves.

At least nick is trying to get something done about the overpopulating in the UK. Specially when our own people have no work, and struggle to find accomodation because the immigrants are served first..

And by the way im black, but enough is enough. They need to stop letting everyone in now.

brolly said...

I seen question time, and i myself thought it was cruel. Everyone was happy to gang up on nick. one against 100 is not much of a fight. nick done well i thought. Im not racist but most of what he stands for does make sense.

I'm a soldier said...

It's ok for the people that were born in England. But for everyone coming here to get a free ride, living on benefits and having 10 kids..They think the UK is stupid. why dont they go to Austalia? Or Italy? I'll tell you why, cus they wont have em.

Mayan December 21 2012 said...

I wouldn't worry about any of this people. In a few years the world will be destroyed. December 21st 2012 is coming. Go out and enjoy yourself while you have the chance.

The Mayans were right with all their predictions. 2012 was the last thing the Mayans predicted.