Pecker
Distinguished Member
- Joined
- Dec 26, 2004
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Nice little piece on the news this morning put a smile on my face.
Apparently the inflation figures are due out today, and it looks like we're going to hit 5%, more or less.
So what's good about that? Well, prices are now actually starting to fall. Petrol is coming down, and it's predicted will hit 99.9p per litre soon, fuel bills are going to fall for the same reasons, food prices are dropping and we might see bread dipping to under £1 a loaf, and by early next year they were predicting that inflation might fall so low that it goes negative.
But here's the really good bit. Whilst pensioners get their increase in April, it's based on the rate of inflation announced today. So, in April we should see inflation of around 0%, but pensioners getting a 5% inflationary increase.
This is particularly pleasing as pensioners seem to have been getting the worst of it recently, so it's nice to see the luck of the draw fall their way for a change.
Steve W
Apparently the inflation figures are due out today, and it looks like we're going to hit 5%, more or less.
So what's good about that? Well, prices are now actually starting to fall. Petrol is coming down, and it's predicted will hit 99.9p per litre soon, fuel bills are going to fall for the same reasons, food prices are dropping and we might see bread dipping to under £1 a loaf, and by early next year they were predicting that inflation might fall so low that it goes negative.
But here's the really good bit. Whilst pensioners get their increase in April, it's based on the rate of inflation announced today. So, in April we should see inflation of around 0%, but pensioners getting a 5% inflationary increase.
This is particularly pleasing as pensioners seem to have been getting the worst of it recently, so it's nice to see the luck of the draw fall their way for a change.
Steve W