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)
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.
Comments
http://news.bbc.co.uk/1/hi/business/7547049.stm
Am going into bat tomorrow to discuss payrises, etc, so it always helps to know these things first!
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)
RPI is now 5% but the more realistic CPI (Consumer Prices Index) is about 13.7% [food prices etc].
good luck!!
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.