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Cost of living
Topic Started: Jan 13 2015, 02:08 PM (835 Views)
RJD
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Prudence and Thrift
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Misery Index - At lowest level since Jan-05

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This morning’s figures show that goods (i.e., the stuff we buy) were 1pc cheaper in Christmas 2014 than Christmas 2013. Factor in services and still, UK consumer price inflation was 0.5pc in December, the (joint) lowest since records began in 2004 (pdf).


Quote:
 
‘Falling food prices – a result of intense competition among UK supermarkets – have also played a major role in the low inflation figures. Disinflationary pressures look set to continue in the first half of 2015. Retailers are still in a phase of intense competition, petrol prices should fall back further in the first half of the year and utility companies are likely to cut prices given developments in wholesale markets.’



I wonder if the cost of living scare stories will find much traction with Joe Public who now sees every week cheaper food in the Supermarkets, Petrol nearly £1.00 per litre and energy prices falling. All due to the capitalist market and absolutely nothing to do with interventionist politics.

Yep wages beginning to grow faster than prices too. So who is Milliband going to scare other than those who are genetically always such?





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Steve K
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Once and future cynic
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Pro Veritas
Jan 22 2015, 09:20 AM
RJD
Jan 22 2015, 08:58 AM
for a start the gas coming out of your hob today was probably bought at a spot price established many months ago.
So why when wholesale prices go up do we not see this lead-in time for increases? . . .
Because you didn't go to Specsavers?

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