UK inflation down
 

[The rate of inflation is finally back in single digits
for the first time since last summer,
easing to 8.7% last month - but food inflation
remains near 20% and core price inflation
is at a 30-year high.]

https://news.sky.com/story/significa...-show-12887613



That's a Start.

Keep it Going..............

Oh good.
Things rising only 1.4% less down from 10.1%

What's the real figure for overall food costs?
Nothing like 8.7% for sure.

Fuel is bringing it down, both petrol/diesel back under £1.50 (diesel let's not forget hit £2+) and gas/electricity prices have, at least, stabilised.

So it's hard to estimate what it actually means in terms of general retail prices across the board.

food prices were rising at 20% last month so, it's a pretty meaningless figure to the vast majority of us

It just shouldn't be happening - a big part of the reason for increasing food costs is food transport (diesel) and production cost (energy) and both are down a good 25%. Obviously it takes time for there to be a knock-on effect but I'm not filled with hope... on things like food and household products, once a standard price goes up it's VERY rare for it to come back down, unless on special offer etc.

At least the dip is going in the right
direction

Slightly Down.


Sure, Food Prises are still very high

Great news. Let's hope it continues to go down.

I came across this comparison online of US vs UK prices.

US prices. Apparently you have to add sales tax to these prices.
https://pbs.twimg.com/media/Fxn0hNPa...pg&name=medium




UK.
https://pbs.twimg.com/media/Fxn0hjra...pg&name=medium

I've read though that average wages are higher in America but I never realised things in America cost so much.

Falling inflation doesn't mean prices will go back down. It just means they will increase at a slower rate.
I know Sunak is putting pressure on food retailers to reduce certain consumables to the lowest possible price, but the inflation rate for food in April of this year, was a staggering 19.2% and looks like its going to continue to soar.

:omgno: $10 for basic deodorant?

I think food prices are usually comparible or cheaper than the UK, e.g. a McDonalds Happy Meal is something liek $4.50 which is comparible to the UK (like £3.50). Maybe certain items are much more expensive??

But then... the RRP of a PS5 in the US is $499 which is about £400 - yet the actual UK price is £449. So it can't be the same across the board on all types of item.

Oh also fuel in the US averages about $3.70 a gallon which is just under £1 a litre... so maybe like 78p/litre. When did you last see fuel prices like that in the UK :joker:.

They also pay less than half what we pay per kWh for electricity although - to be fair - this used to be roughly on par. It's just that ours ****ing doubled and theirs didn't.

Now at 6.8%


Keep it going

They want 2%


https://www.bbc.co.uk/news/business-66509365

Some hope. Food prices still going up in Iceland supermarket.:fist:

Yes thats wrong

There was a 7 for 10 Deal
Frozen meals/veg

Ch4HDnews
asked Taxi Driver in London.

He said he has to increase his working week
by 20 Hours just to stay afloat,
His family are not happy.

Inflation Rate
is now 6.7

It was 6.8


https://www.bbc.co.uk/news/live/business-66861406

Sadly
Petrol keeps going up in price.

This morning Inflation rate
Stayed at 6.7

Not going up
but not going down..................

What it means is on average, the cost of living is still going UP by as much as it was the previous month.

So no joy at all or relief of any kind for the citizens of the UK.

BBC News Text :
[The i says its panel of economists believe the
Bank of England's base rate looks set to
stay at 5.25%, which it says would offer
a "welcome reprieve to homeowners".
It says the Treasury and Bank are both
hopeful that inflation could
drop to 5% next month.]


https://ichef.bbci.co.uk/news/976/cp...965_i.jpg.webp

Inflation has fallen again,

Now at 4.6%



[New data shows a sharp fall in UK inflation,
down to 4.6%
It's the lowest rate since November 2021 - the fall is
mainly down to lower energy prices
The rate in September was 6.7%
The government has pledged to halve inflation
this year, from 10.7% at the end of 2022]


https://www.bbc.co.uk/news/live/uk-67423724

So Rishi meets his target

And I was in the shop today,

Four cheese and onion pasties in a pack, were £1.00 three years ago. Now £4.75

Madness.

Rip off Brtain, not inflation I think.

Yes it stinks