Inflation figures

Yesterday's inflation figures edged up by a tenth of one percentage point but remain well within target.

UK inflation, as measured by the Consumer Prices Index (CPI), rose to an annual rate of 1.3% in October, up from 1.2% in the previous month and therefore marginally above its recent five-year low. This compares with a target range for CPI inflation of within 4%, with the centre of the target range being 2%.

The Office for National Statistics (ONS), said the rise was because transport costs fell by less than they did a year ago.

In addition, prices in the recreation and culture sectors rose, particularly for computer games and toys.

However, the price of food and non-alcoholic beverages fell by 1.4% in October, when compared with last year, marking the sixth consecutive month without a rise - the longest such period since 2000. Furniture and household equipment prices also fell, by 1.1%, most notably three-piece suites and settees.

The ONS also reported that the Retail Prices Index, another measure of inflation, grew by 2.3% in the year to the end of October, the same rate as recorded for September.

Comments

Jim said…
The price of my food has fallen even more. In fact our two rabbits often eat more expensivly than I do.

The reason for this is SWMBO, who is in charge of shopping, tends to visit the supermakets on her way home from work, half an hour or so before they close, so my food tends to come from the salmonella shelf, just after the man with the price gun, has marked the lamb chops down to 15p or so.

the rabbits get the best dried rabbit food reserved at the pet shop.

:o)
12:48 pm
Jim said…
Jokes aside it does prove a good political point. The food regulations state that some foods should carry a "sell by" as well a "use by" date.

The shop cant sell food (still perfectly fine to eat) after its sell by date, so they tend to mark it down, then again, then again until it ends up in the (1p-20p bracket) this happens at the end of the "sell by" date, other wise it goes in the bin after the shop closes. though none of it is ever past the "use by" date, and is perfectly safe to eat.

Its very true that to create a full sunday roast dinner in this manner can cost less than £1.
(well Less than £1 to buy the food, you still have to pay a load for the gas/electric to cook it after subsidising a daft energy policy, but still, there we go.

All because of a regulation stating that a "sell by" date be displayed.
1:03 pm
Chris Whiteside said…
You make an interesting point - the law of unintended consequences strikes again!
10:31 pm
Post a Comment

Popular posts from this blog

Nick Herbert on his visit to flood hit areas of Cumbria

Please note that the post below was published more than ten year ago on 21st November 2009 Nick Herbert MP, shadow cabinet member for the Environment, Food, and Rural Affairs, was in Cumbria this morning to see the areas affected by the flooding. He writes on Conservative Home about his visit. Here is an extract. I’ve been in Cumbria today to see the areas affected by the floods. I arrived early in Keswick where I met officials from the Environment Agency. Although the river levels had fallen considerably and homes were no longer flooded, the damage to homes had been done. And the water which had got into houses wasn’t just from the river – it was foul water which had risen from the drains. I talked to fire crews who were pumping flood water back into the river, and discovered that they were from Tyne & Wear and Lancashire. They had been called in at an hours’ notice and had been working on the scene ever since, staying at a local hotel. You cannot fail to be impressed by the...
Read more

Quotes of the day 19th August 2020

Image
"Wise men profit more from fools than fools from wise men; for the wise men shun the mistakes of fools, but fools do not imitate the successes of the wise."  ( Cato the Elder , who lived 234 BC - 149 BC, quoted in "Lives" by Plutarch.) There is a similar saying by Germany's Iron Chancellor, Otto von Bismarck: Benjamin Franklin is supposed to have put the same saying in a more humorous form: "Wise men profit by the mistakes of others, while fools will not learn even from their own blunders." See also this thread on the "Quote Investigator" website . Let us all be wise and learn from the events of the last few days.
Read more

Quote of the day 24th July 2020

I was moved to put the passage below forward as a quote today when I saw a horrible post on twitter from someone writing that it was "excellent" that someone who took a different view from her about Brexit had died. I won't write which way round it was so that all the Remain supporters can assume the post was from a Brexit fanatic welcoming the death of a remainer and all the Leavers can assume it was a Remainiac welcoming one less Brexiteer. There's been plenty of nasty stuff on both sides but if you catch anyone of your own viewpoint  posting something like that who might listen to you, please do call them out on it - and point out that they're giving everyone on your side of the argument a bad name. Anyway, here's the quote from John Donne.
Read more