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Author Topic: Inflation now stands at 11.1% using....  (Read 1304 times)

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Field Marshal Dr. Opti

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Inflation now stands at 11.1% using....
« on: 17 November 2022, 13:14:39 »

......the CPI (consumer price index) as measurement.

However, before 2011 inflation was measured using the RPI (Retail price index) method

Using the old RPI system inflation is currently 14.2%  not 11.1%.

Governments of all colours just love to play with statistics to make the figures look better than they really are. ::)

This means the old timers of the forum like STMO will only get an 11.1% increase in his old age pension. :)


« Last Edit: 17 November 2022, 13:19:15 by Field Marshal Dr. Opti »
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Field Marshal Dr. Opti

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Re: Inflation now stand sat 11.1% using....
« Reply #1 on: 17 November 2022, 13:18:09 »

I'm tempted to make up the shortfall of 3.1% so the old lad doesn't go hungry. 8)
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STEMO

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Re: Inflation now stands at 11.1% using....
« Reply #2 on: 17 November 2022, 14:02:36 »

10.1%, do keep up.
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Field Marshal Dr. Opti

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Re: Inflation now stands at 11.1% using....
« Reply #3 on: 17 November 2022, 14:08:49 »

10.1%, do keep up.

No...11.1% do keep up.

What have you been doing for the last month. :)
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STEMO

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Re: Inflation now stands at 11.1% using....
« Reply #4 on: 17 November 2022, 14:12:07 »

10.1%, do keep up.

No...11.1% do keep up.

What have you been doing for the last month. :)
As usual, I've been taking notice of what goes on in the real world, not watching trash Trump videos on YouTube. RPI  was 10.1% in September, the month on which pension and benefit rises are based. Sigh...........
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STEMO

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Re: Inflation now stands at 11.1% using....
« Reply #5 on: 17 November 2022, 14:18:33 »

Plus...the £300 extra winter fuel payment is to be retained next year, so I (probably) won't freeze to death.
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STEMO

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Re: Inflation now stands at 11.1% using....
« Reply #6 on: 17 November 2022, 14:22:13 »

There was one anomaly I spotted. The so called price cap is to be raised to £3000 for the 'average user'. There is, of course, no such thing. Anyhow, this is a rise of £500 from the £2500 cap this year, according to the pundits. But there was no mention of the £400 help over six months, October to March, being kept, so that would mean a rise of £900.
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Field Marshal Dr. Opti

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Re: Inflation now stands at 11.1% using....
« Reply #7 on: 17 November 2022, 14:23:31 »

10.1%, do keep up.

No...11.1% do keep up.

What have you been doing for the last month. :)
As usual, I've been taking notice of what goes on in the real world, not watching trash Trump videos on YouTube. RPI  was 10.1% in September, the month on which pension and benefit rises are based. Sigh...........

CPI was 10.1% not RPI, which has not been used since 2011.....sigh. ;D
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STEMO

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Re: Inflation now stands at 11.1% using....
« Reply #8 on: 17 November 2022, 14:26:20 »

10.1%, do keep up.

No...11.1% do keep up.

What have you been doing for the last month. :)
As usual, I've been taking notice of what goes on in the real world, not watching trash Trump videos on YouTube. RPI  was 10.1% in September, the month on which pension and benefit rises are based. Sigh...........

CPI was 10.1% not RPI, which has not been used since 2011.....sigh. ;D
Correct, 10.1% will be the rise. That means you owe me 4.1%, not 3.1%. Cough up.
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STEMO

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Re: Inflation now stands at 11.1% using....
« Reply #9 on: 17 November 2022, 14:27:56 »

Wifey has finally settled on which 'new car' she wants, an Audi A1. They're expensive little bastards so every penny will help. TIA.
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Field Marshal Dr. Opti

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Re: Inflation now stands at 11.1% using....
« Reply #10 on: 17 November 2022, 14:28:06 »

There was one anomaly I spotted. The so called price cap is to be raised to £3000 for the 'average user'. There is, of course, no such thing. Anyhow, this is a rise of £500 from the £2500 cap this year, according to the pundits. But there was no mention of the £400 help over six months, October to March, being kept, so that would mean a rise of £900.

My understanding is there will be no further universal payments of £67 a month after March/April. Not quite sure if there will be a payment for those who simply don't have the money to pay.......of which there will be many.
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Field Marshal Dr. Opti

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Re: Inflation now stands at 11.1% using....
« Reply #11 on: 17 November 2022, 14:32:27 »

Wifey has finally settled on which 'new car' she wants, an Audi A1. They're expensive little bastards so every penny will help. TIA.

If it's new there will probably be a lengthy waiting time. My order went in on 19th May.

If it's used it will probably be as expensive as a new one.

Life's a bitch then you die. ;)
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STEMO

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Re: Inflation now stands at 11.1% using....
« Reply #12 on: 17 November 2022, 14:32:50 »

There was one anomaly I spotted. The so called price cap is to be raised to £3000 for the 'average user'. There is, of course, no such thing. Anyhow, this is a rise of £500 from the £2500 cap this year, according to the pundits. But there was no mention of the £400 help over six months, October to March, being kept, so that would mean a rise of £900.

My understanding is there will be no further universal payments of £67 a month after March/April. Not quite sure if there will be a payment for those who simply don't have the money to pay.......of which there will be many.
It's going to be tough for many. Problem is.....targeting the help to those who need it would cost a fortune, and it would end up the same as when child benefit was tapered off after £50,000 in earnings. People were expected to come clean about what they earned, and administering this would cost more than was saved.
Then you might say 'Ok, but all pensioners should be included', which would make a mockery of it for someone in my position. It's not easy.
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STEMO

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Re: Inflation now stands at 11.1% using....
« Reply #13 on: 17 November 2022, 14:34:35 »

Wifey has finally settled on which 'new car' she wants, an Audi A1. They're expensive little bastards so every penny will help. TIA.

If it's new there will probably be a lengthy waiting time. My order went in on 19th May.

If it's used it will probably be as expensive as a new one.

Life's a bitch then you die. ;)
It won't be new, I'm not giving the government any VAT. Two/ three years old, still only about eight grand off a new one.
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Field Marshal Dr. Opti

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Re: Inflation now stands at 11.1% using....
« Reply #14 on: 17 November 2022, 14:38:30 »

Wifey has finally settled on which 'new car' she wants, an Audi A1. They're expensive little bastards so every penny will help. TIA.

If it's new there will probably be a lengthy waiting time. My order went in on 19th May.

If it's used it will probably be as expensive as a new one.

Life's a bitch then you die. ;)
It won't be new, I'm not giving the government any VAT. Two/ three years old, still only about eight grand off a new one.

Which model/engine are you looking at?. Please tell me it won't run on derv. ::)
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