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Author Topic: Inflation 3.8%  (Read 724 times)

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Dusty

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Inflation 3.8%
« on: 15 July 2008, 20:27:32 »
Was watching the BBC news at 1pm today. Apparently food has gone up 14%, petrol has gone up 26% and electricity and gas 15%

Yet they tell us inflation is only 3.8%.

How is this possible.

Me thinks somebody is telling Porkies :(

 :-* :-* :-*
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Gaffers

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Re: Inflation 3.8%
« Reply #1 on: 15 July 2008, 20:29:15 »
When you consider the knock on effects that the cost of energy is going to have on our goods, expect that inflation rate to go up ALOT!  :( :( :( :(
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Marks DTM Calib

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Re: Inflation 3.8%
« Reply #2 on: 15 July 2008, 20:34:30 »
Quote
Was watching the BBC news at 1pm today. Apparently food has gone up 14%, petrol has gone up 26% and electricity and gas 15%

Yet they tell us inflation is only 3.8%.

How is this possible.

Me thinks somebody is telling Porkies :(

 :-* :-* :-*

Its simple, this bunch of lying coniving gits changed the way inflation is measured a few years ago so its calculated on essential tiems such as fuel and food but, also includes luxury goods like LCD TV's and satnav........the latter of which are dropping in price and bringing the average down!
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Field Marshal Dr. Opti

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Re: Inflation 3.8%
« Reply #3 on: 15 July 2008, 20:44:15 »
The inflation shopping basket, is made up of appx. 650 items every month. But as stated earlier, many luxury items are included, such as LCD TV's, clothes, and MP3 players, all of which are deflating.

This is giving a false figure, because you don't buy a new TV, Satnav, MP3 palyer everyday like you do bread and milk.

It's a case of Lies, Damn Lies and Statistics :( :(
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cem_devecioglu

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Re: Inflation 3.8%
« Reply #4 on: 15 July 2008, 21:44:00 »
Quote
Quote
Was watching the BBC news at 1pm today. Apparently food has gone up 14%, petrol has gone up 26% and electricity and gas 15%

Yet they tell us inflation is only 3.8%.

How is this possible.

Me thinks somebody is telling Porkies :(

 :-* :-* :-*

Its simple, this bunch of lying coniving gits changed the way inflation is measured a few years ago so its calculated on essential tiems such as fuel and food but, also includes luxury goods like LCD TV's and satnav........the latter of which are dropping in price and bringing the average down!


Bingo.. Same here..fuel and food prices rise in last 6 months nearly %60-70 and these bas**** say its overall % 10 and increase our salary % 4 >:( >:(
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Martin_1962

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Re: Inflation 3.8%
« Reply #5 on: 15 July 2008, 23:23:29 »
Inflation is high at the moment, I reckon 20% - 30% in realistic terms
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