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Inflation
Off_it
Posts: 28,934
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.
Ta.
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Comments
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Depends what you want to inflate? :-)0
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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.stm0 -
Cheers Bing.
Am going into bat tomorrow to discuss payrises, etc, so it always helps to know these things first!0 -
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)0 -
if it is payrises the average is 3% or get the to round it to the nearest £5000
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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.0
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off-it.
RPI is now 5% but the more realistic CPI (Consumer Prices Index) is about 13.7% [food prices etc].
good luck!!0 -
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.0 -
