Nope, that's complete nonsense. The current inflation is entirely caused by the 'will of the people'. Brexit has caused this, the governor of the BOE explicitly stated that last month.
Anyone feeling the inflation?
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Nope, that's complete nonsense. The current inflation is entirely caused by the 'will of the people'. Brexit has caused this, the governor of the BOE explicitly stated that last month.
Soldato
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Inflation is in part maintained by aspiration.
In a currency closed system, imagine we are buying UK sourced and manufactured Nokia 3210s with no other variables. 15 years of production refinement would deliver the same product at a vastly reduced cost. In the CPI basket, basic handsets are no longer included, yet smartphones are. In a world where we don't ask for more for more, but the same for less, inflation is avoidable. Inflation is in part the price of wanting more.
In a currency closed system, imagine we are buying UK sourced and manufactured Nokia 3210s with no other variables. 15 years of production refinement would deliver the same product at a vastly reduced cost. In the CPI basket, basic handsets are no longer included, yet smartphones are. In a world where we don't ask for more for more, but the same for less, inflation is avoidable. Inflation is in part the price of wanting more.
Not really. The CPI basket reflects products that are actually being bought and compares changes in prices from one time to another. You can't say that inflation exists because everyone wants smartphones instead of dumbphones these days. The point is that everyone wants smartphones, so you look at the change in price of smartphones from one period to the next. You can't arbitrarily define a set of products for the basket and then not acknowledge changes in that basket.
Blaming things on Brexit is a tired meme.
This just in, you're smarter at monetary policy than then the governor of the Bank of England.
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Soldato
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I wasn't saying that inflation was purely a consequence of that example, there are obviously many contributing factors. Inflation on "dumbphones" has turned to deflation and these were removed from the basket and an alternative consumer product in the smartphone has now been added. This aligns with modern consumer trends. This change in consumer demand for better and more capable handsets is a contributor to inflation in the calculation given their inclusion and (excluding FX) their underlying price increases. It is therefore reasonable to assert that some inflation is directly attributable to improving technologies and consumer expectations.
The point is that the same (or essentially equivalent) phone costs more this year than last
After all, most of the basket is stuff that isn't really affected by the march of technology. This year's breas isn't higher tech than last year's bread.
After all, most of the basket is stuff that isn't really affected by the march of technology. This year's breas isn't higher tech than last year's bread.
Noticed last week that Nestle Shreddies cereal has changed from 500g box down to 415g or so. Same price. Not cool.
Also I swear every time I buy a chocolate bar from a vending machine they are getting smaller. Most can be eaten in 2 bites and seem like the 'funsize' you used to get.
Also I swear every time I buy a chocolate bar from a vending machine they are getting smaller. Most can be eaten in 2 bites and seem like the 'funsize' you used to get.
Tired already? You might want to avoid all sources of news and discussion from now on as the next few decades are likely to prove positively exhausting for you.
Soldato
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Soldato
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Couldn't give a stuff about top end phones if I'm honest, more of a luxury item than a necessity.
What a lot of younger people don't seem to understand is the whole 'if I can't afford it should I really be buying it' scenario. They'll understand soon enough though once the rates start going up.
What a lot of younger people don't seem to understand is the whole 'if I can't afford it should I really be buying it' scenario. They'll understand soon enough though once the rates start going up.
Milk supply/demand.
No matter which economic lever gets pulled someone will benefit others will lose.
To be frank if you can't survive interest rates of 2-3% your own fault. Banks have been heavily means testing mortgages at around 5-7% for a decade or so, so that shouldn't be a massive problem.
Yeah, supply. There are less milky cows in the UK atm. :/
Tesco British Salted Block was 85p a year ago, it has been up to £1.85 a month ago, at £1.45 today. :<
Yeah, I heard some of the working cows have gone on strike and the moovement is growing.
Damn right, udder disgusting what they were getting paid per pint before.
What we need to do is start Friesian prices.
think i notice fuel more than anything else 45 mile ish round trip commute cant really alter that (could stop trips to beach but not going to) ,unlike shopping where i can change brands ect
having no social life means my drinking done at home
not on 60k like some of you guys infact on my 3 day week after pension about £240
mortgage free helps
having no social life means my drinking done at home
not on 60k like some of you guys infact on my 3 day week after pension about £240
mortgage free helps