Inflation Falls Again

[life on mars]

Good trend , not huge leaps though , Food and core goods inflation has slowed as well which is key .

Fingers crossed.

[Dorcus]

Re: Inflation Falls Again

Has Mike enrolled for.monthly economic updates from the Daily Mail?

[The Bloop]

Re: Inflation Falls Again

Rishi taking the credit for stuff that's mainly out of his control.

[JamesWales]

Re: Inflation Falls Again

It is of course good news. But it just means prices are rising more slowly, albeit now probably slower than wages.

But it's all expected. We all went through a curve of high inflation after covid and the Ukraine war started. We are now all coming down from that.

What happens next may be more interesting and hopefully less painful

[jon1959]

Re: Inflation Falls Again

It is of course good news. But it just means prices are rising more slowly, albeit now probably slower than wages.

Most of the wage settlements I have seen reported have been below inflation rises.

Benefits are certainly not keeping pace with the cost of living.

There was a 10.1% rise in April for most benefits but the effective rate of inflation for benefits recipients was much higher than that - with food, energy and housing costs way over the headline rate.

But this has also been accompanied by creeping benefits cuts, with much more to come.

https://policy-practice.oxfam.org/re...nd%20transport.

[pipster]

Re: Inflation Falls Again

So I presume someone who was on 40,000 a year and recently got a 10% pay rise should have only really a 6.8% pay rise. Or rather they would they be happy to take a pay cut to stay in line with inflation.... - that never seems to happen strangely enough.

[Eric Cartman]

Re: Inflation Falls Again

So I presume someone who was on 40,000 a year and recently got a 10% pay rise should have only really a 6.8% pay rise. Or rather they would they be happy to take a pay cut to stay in line with inflation.... - that never seems to happen strangely enough.

It's like communicating with a rock, this has been explained to you in about 8 different threads 15 different times. Wage increases lag inflation significantly, nobody is getting an increase on the assumption of future inflation, they are playing catch up.

Take the past 2/3 years, almost nobody who earns 40k and hasn't taken on more responsibility will be better off now than if their wage had tracked inflation.

[jon1959]

Re: Inflation Falls Again

So I presume someone who was on 40,000 a year and recently got a 10% pay rise should have only really a 6.8% pay rise. Or rather they would they be happy to take a pay cut to stay in line with inflation.... - that never seems to happen strangely enough.

You have said this before. It is beyond embarrassing! Do you really not understand simple numbers?

Falling inflation still means rising costs - against a higher cost base that is baked into all future calculations.

Why would anyone be happy to take a pay cut whilst costs are still rising - even if rising slightly more slowly than they were before?

You never seem to grasp this fundamental point strangely enough!

[the other bob wilson]

Re: Inflation Falls Again

So I presume someone who was on 40,000 a year and recently got a 10% pay rise should have only really a 6.8% pay rise. Or rather they would they be happy to take a pay cut to stay in line with inflation.... - that never seems to happen strangely enough.

Do you know many people who have had a 10 per cent wage rise this year? You’re getting embarrassing now, by arguing people should hand money back when their pay goes above inflation, you’re also surely arguing that they should get what they are entitled to when their pay is below the inflation level.

[Doucas]

Re: Inflation Falls Again

So I presume someone who was on 40,000 a year and recently got a 10% pay rise should have only really a 6.8% pay rise. Or rather they would they be happy to take a pay cut to stay in line with inflation.... - that never seems to happen strangely enough.

From thinking the Earth is flat, to not being to answer basic questions about climate change denial, to not understanding how inflation and wages work. The right have looked pretty dumb this week.

[JamesWales]

Re: Inflation Falls Again

Remarkable how a thread about a significant fall in inflation leads to the same people saying the same things as when the inflation rate was going up!

High inflation isn't good, not for anyone. We all want it to be lower, so the fact the rate is falling is demonstrably good news. 👍

[jon1959]

Re: Inflation Falls Again

Remarkable how a thread about a significant fall in inflation leads to the same people saying the same things as when the inflation rate was going up!

High inflation isn't good, not for anyone. We all want it to be lower, so the fact the rate is falling is demonstrably good news. ��

Yes it is good. Many people are now still getting poorer, but not as quickly as last month!

[The Bloop]

Re: Inflation Falls Again

Remarkable how a thread about a significant fall in inflation leads to the same people saying the same things as when the inflation rate was going up!

High inflation isn't good, not for anyone. We all want it to be lower, so the fact the rate is falling is demonstrably good news. 👍

The good news comes when inflation is under control, stable and at a manageable rate.

[JamesWales]

Re: Inflation Falls Again

Yes it is good. Many people are now still getting poorer, but not as quickly as last month!

If unemployment was 10% and fell to 8% would that be a good thing or bad thing?

We all want wages to rise faster than inflation and that will likely happen, officially, next month.

[life on mars]

Re: Inflation Falls Again

Yes it is good. Many people are now still getting poorer, but not as quickly as last month!

What's your solution