British inflation hits lowest in almost a year

Comments

• brewery@feddit.uk ⁨10⁩ ⁨hours⁩ ago

  Not sure I care anymore. The UK is for the wealthy only and we can only try to struggle through, whether it’s through inflation, poorer services or more tax. Until we address the power dynamics, wealth inequality and tax havens (City of London, Jersey, Guernsey, etc), I could nor give a flying fuck what inflation is quarter to quarter. Prices and housing costs are already fucked

  source

  • FishFace@piefed.social ⁨9⁩ ⁨hours⁩ ago

    The reason things feel bad at the moment is in large part because of 3-4 years of sustained high inflation. That’s why everything seems expensive. A few years of low inflation and productivity and wage increases, could get us back on track.

    source
• tetris11@feddit.uk ⁨11⁩ ⁨hours⁩ ago

  Is that good? I never know

  source

  • Egonallanon@feddit.uk ⁨11⁩ ⁨hours⁩ ago

    It means prices are going up slower so it’s good. Though note this is an average so the price raises apply unevenly.

    source
  • FarceOfWill@infosec.pub ⁨10⁩ ⁨hours⁩ ago

    Its 3% or so. No it isnt good.

    source

    • FishFace@piefed.social ⁨9⁩ ⁨hours⁩ ago

      3% is fine. The Bank of England’s target is 2%, but there’s a margin within which things are OK. The Bank only has to explain what measures its taking to correct inflation if it’s more than one percentage point off, so 3% is just about there. Worldwide, central banks tend to have target ranges that start at about 2% and go up to 4 or 5% (figures obtained from intense wikipediaing).

      And for reference, you can see the UK’s historical interest rates here.

      source