Inflation Down

The Office of National Statistics is responsible for publishing these figures.......and despite the fact that they report inflation has fallen, it is, in the main, due to the way these statistics are calculated(which means the figures are manipulated....massaged, unrealistic)
and they are still double what the Bank of England wants the country to achieve.(2%)

I got a letter today from my energy supplier.......Electricity up by 16%(that is 4 times the rate of inflation) gas prices up by 18% (four and a half times the rate of inflation)...and it might be that you would say 'Change your supplier'...but one starts the rises and the others all follow, so it is a pointless exercise really.

I shall be trawling the charity shops for some warm jumpers before the winter comes.
 
Hmmmmm, maybe it is supposed to be free of government influence, but I am dubious to say the least.
Yes John, I knew who published the figures you just posted a few minutes before me......I have more in me head than mucky water.
 
Margaret Pilkington said:
Hmmm, maybe it is supposed to be free of government influence, but I am dubious to say the least.
Yes John, I knew who published the figures you just posted a few minutes before me......I have more in me head than mucky water.
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The reason these figures are government free is to stop a false picture being painted to gain political advantage, which in the whole does seem to work overall
 
The thing is John, if they don't take into account the stuff that families rely on and buy every week(and you don't buy large electrical puchases every week...or car or computers) then the figures become unrepresentative....and do not show a true picture.
I know that we are not eating any more food than normal, but my grocery shopping has gone up far more that 4%...if they said 14% they would be nearer the mark....and I am a thrifty and careful shopper(I make all our food from scratch......no ready meals etc).

It is a bit useless to tell us all that inflation is running at 4%, when we can all see from our outgoings that this figure might just as well have been plucked from thin air.

I have always been of the opinion that statistics can be slewed to make them say what you want them to say....as someone once said 'There are lies, Damned lies, and statistics'.....I don't know who it was, but I reckon they had it in a nutshell.
 
Margaret Pilkington said:
The thing is John, if they don't take into account the stuff that families rely on and buy every week(and you don't buy large electrical puchases every week...or car or computers) then the figures become unrepresentative....and do not show a true picture.
I know that we are not eating any more food than normal, but my grocery shopping has gone up far more that 4%...if they said 14% they would be nearer the mark....and I am a thrifty and careful shopper(I make all our food from scratch......no ready meals etc).

It is a bit useless to tell us all that inflation is running at 4%, when we can all see from our outgoings that this figure might just as well have been plucked from thin air.

I have always been of the opinion that statistics can be slewed to make them say what you want them to say....as someone once said 'There are lies, Damned lies, and statistics'.....I don't know who it was, but I reckon they had it in a nutshell.
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Ya there is a debate about the originality of that statement Margaret, from Mark Twain, Benjamin Disraeli, Walter Bagshot, but the favourite is Lord Courtney who is supposed to have made it in 1895, whoever it was certainly had a point, but I think they are a lot nearer today that they ever used to be
 
John being nearer just doesn't cut it. Why pay someone to collate figures that are clearly misleading and inaccurate? We all know because we are the ones pulling the notes out of the purse/wallet....and forgive me if I have got this wrong, but aren't the figures used as some measure of the countries financial health?
 
even if they were right its alright to have 2.45 million people on the dole .the next figures will be sky high as the students leave uni college.
 
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