2p Fuel Hike put off

[jaysay]

The Chancellor Alistair Darling has befared the 2p fuel duty due to be introduced in August, at last

[jackyalex]

Originally Posted by jaysay

The Chancellor Alistair Darling has befared the 2p fuel duty due to be introduced in August, at last

I dont think it would make much of a difference, its already going up around 2p a week anyway,

[panther]

just what i was gonna say jacky

they need to be reducing it too!!

[jaysay]

Come on it is a start, at least they're listening, not a lot, but they'r listening

[panther]

they will probably stick the 2p on summat else

[BERNADETTE]

Did nobody se on the news where food inflatin stands at a whopping 13:8% We won't be able to eat soon never mind run a car

[jaysay]

Originally Posted by BERNADETTE

Did nobody se on the news where food inflatin stands at a whopping 13:8% We won't be able to eat soon never mind run a car

What amuzes me Bernie is that with everything keep going up that the rate of inflation is only supposed to be 3.8%

[BERNADETTE]

Originally Posted by jaysay

What amuzes me Bernie is that with everything keep going up that the rate of inflation is only supposed to be 3.8%

That was on the news last night, so when you add all the other price increases it is over and above 3:8%

[Mancie]

The real rate of inflation is well over 3.8%... maybe 3 times that..i'ts all a mystery to me where do this, or any past Governments get thier figures from?

[Bonnyboy]

Never thought about this before but now that I have I realise I don’t know.

When the rate of inflation figure is talked of for what duration is it relating to. I mean is it per week, per month or an annual figure ?

[BERNADETTE]

Not really up on what time they are supposed to represent but makes grim reading

[MargaretR]

Originally Posted by Bonnyboy

Never thought about this before but now that I have I realise I don’t know.

When the rate of inflation figure is talked of for what duration is it relating to. I mean is it per week, per month or an annual figure ?

There are 2 'price indexes'
Consumer price index and retail price index
Reading this link should explain the difference
National Statistics Online - Economic

but it leaves me clueless

[Royboy39]

Originally Posted by Bonnyboy

Never thought about this before but now that I have I realise I don’t know.

When the rate of inflation figure is talked of for what duration is it relating to. I mean is it per week, per month or an annual figure ?

All this on top of the term 'In real terms regarding the economy' (What the hell does that mean?) ...Petrol has not increased in price. Are they for real or do they think we are morons.

[Bonnyboy]

Originally Posted by [email protected]

There are 2 'price indexes'
Consumer price index and retail price index
Reading this link should explain the difference
National Statistics Online - Economic

but it leaves me clueless

Cheers Margaret. Seems it’s an annual figure.

Looks like the 3.8% relates to the Consumer Price Index with an apparent rise of 0.7% on the month ( seems far higher to me as just about everyone else) That’s the figure the Bank of England is supposed to meet.

The Producer Price Index looks a bit gloomy. That’s running at an increase of 2.3% on the month which they say equates to 30.3% on the year….wait while that gets passed on to us as it no doubt will

I'm just assuming I'm reading things right, complex stuff innit

[Bonnyboy]

Originally Posted by Royboy39

All this on top of the term 'In real terms regarding the economy' (What the hell does that mean?) ...Petrol has not increased in price. Are they for real or do they think we are morons.

You have to love those “In real terms” statements don’t you. They need to get out of Whitehall a bit more often and take a look at reality.