http://overinflated.com News and Views about Inflation. Tue, 18 Mar 2008 12:05:44 +0000 http://backend.userland.com/rss092 en http://www.bankofengland.co.uk/index.htm http://overinflated.com/?p=72 http://www.statistics.gov.uk/pdfdir/cpi0208.pdf I guess food, petrol, gas, electric, water don't count towards CPI, as they've all risen massively recently. http://overinflated.com/?p=71 See title ;) http://overinflated.com/?p=70 Source: News.bbc.co.uk Official data has shown that Eurozone inflation has surged to a new record at 3.2%. This is much higher than the ECB 2% target. Normally inflation is controlled by increasing interest rates, but with the economy already slowing and the potential of the US heading into a ... http://overinflated.com/?p=68 Source: Yahoo.com Utilities firm EDF has become the latest in line to put up its electricity and gas prices. The French-owned firm says prices are to go up from Friday (18th January) - electricity tariffs up by 7.9% and gas by 12.9%. EDF has 5.5m account holders in the UK. http://overinflated.com/?p=67 Source: Telegraph By Edmund Conway, Economics Editor Last Updated: 6:48am GMT 15/01/2008 Prices charged by manufacturers are rising at the fastest rate in almost 17 years - in the latest sign that inflation remains a major threat to the British economy. http://overinflated.com/?p=66 Source: Telegraph Food cost increase adds £750 to annual bill By James Kirkup, Political Correspondent Last Updated: 1:41am GMT 15/01/2008 Food prices are accelerating at their fastest rate since records began, fuelling a rise in the average family's shopping bill of £750 a year. Official figures showed wholesale food prices rose by 7.4 per ... http://overinflated.com/?p=65 The Monetary Policy Committee voted to keep interest rates at 5.5% in January. Many economists had been predicting a .25 basis points cut, due to an alleged high street slowdown, though many high street stores have had a difficult few months, others such as John Lewis and Morrison had large growth ... http://overinflated.com/?p=64 Npower is to increase both its gas and electricity prices, the UK's fourth largest energy supplier has confirmed. The company, which has four million customers, said it would provide exact details on Friday. Its move comes on the back of high global energy prices, with crude oil hitting a record $100 a ... http://overinflated.com/?p=63 The governments measure of inflation rose in November Source: Marketoracle http://overinflated.com/?p=62 Source: Telegraph Editors Note: Most News Channels have decided to ignore this huge news. House sellers are cutting prices at the fastest rate for five years in a further sign that the property market is set for a serious slowdown. Asking prices have fallen by 3.2 per cent since November, according to ... http://overinflated.com/?p=61 Eurozone inflation hit 3.1 per cent in November, the highest for more than six years, according to revised figures that will encourage the European Central Bank to keep talking tough on future interest rate moves. Source: Financial Times Online http://overinflated.com/?p=60 MPC have caved into media pressure and cut rates to 5.5% despite the upside risks to inflation. http://overinflated.com/?p=59 Source: http://www.statistics.gov.uk/pdfdir/cpinr1107.pdf Petrol drives up inflation Figures from the Office for National Statistics today show that consumer prices index (CPI) annual inflation – the Government’s target measure – was 2.1 per cent in October, up from September’s figure of 1.8 per cent. http://overinflated.com/?p=58 Source: http://www.telegraph.co.uk/ By Harry Wallop, Consumer Affairs Correspondent Last Updated: 1:46am GMT 13/11/2007 Food prices are increasing at their highest rate for more than a decade, official figures showed yesterday. # Calculate your own rate of inflation # Internet to 'drive Christmas sales record' # London 'is second most expensive city' Increased wheat, dairy, meat and ... http://overinflated.com/?p=57 Source: Telegraph By Harry Wallop, Consumers Affairs Correspondent Last Updated: 2:41am BST 23/10/2007 The average family has to spend an extra £750 on their annual food bill, compared with a year ago, according to figures. # M&S worst supermarket in green report Supermarkets 'raise family food bill by £750 a year' Figures suggest that households ... http://overinflated.com/?p=56 Source: http://www.bankofengland.co.uk/statistics/m4/2007/Sep/index.htm Editor Note: folks - this IS the cause of inflation!!! Provisional figures for September indicate that M4 rose by £17.0 billion, seasonally adjusted; below the average flow for the previous six months of £17.6 billion. The twelve-month growth rate fell to 12.8% from 13.5% in August. M4 lending rose ... http://overinflated.com/?p=55 Consumer price indices September 2007 In the year to September, the consumer prices index (CPI) rose by 1.8 per cent, unchanged from August. In the year to September, the all items retail prices index (RPI) rose by 3.9 per cent, down from 4.1 per cent in August. Over the same period, the all items RPI excluding mortgage interest payments index ... http://overinflated.com/?p=54 Source: Bloomberg Overinflated Editors note: 1.8% when food is rising faster than I've ever experienced. Also petrol is still higher than it was last year (and likely to rise). I also noticed "Reductions in mortgage exit fees" as a reason - why are Mortgage fees in the CPI but not mortgages? These ... http://overinflated.com/?p=52 (Why would the Bank Of England need Darling to "Authorise them" to bail out Northern Rock if the are independent?) Source: Daily Mail BoE rescues bank hit by global credit squeeze LONDON: The Bank of England on Friday provided emergency financial support to the first major British bank to be severely hit by ... http://overinflated.com/?p=51