Topic: UK inflation hits new high of 9.1% as food and energy price surge persists - page 3. (Read 537 times)
June 25, 2022, 07:50:43 PM
9.1% is huge. Even for a developing economy such sort of inflation is huge while UK is a developed economy. This is clearly indicating how much pressure the economy is currently having after the recent Covid crisis followed by sanctions applied by them on Russia due to Ukraine crisis. 9.1% is even more than the annual increment which many employees get. I think this is a clear indication of a pending correction in the economy which might come in form of a crash.
June 25, 2022, 06:58:24 PM
What happens to the west policy of sanction? Didn't they want to cripple Russia's economy? The time for UK and USA is coming to an end. Their unipolar word system will no longer work and we are going to see some new powerhouse raise. What China is doing is a warning to the west. Now they have the capability to challenge the USA naval fleet near their cost line.
I listened to such slogans throughout the school, when there was still the USSR. They also carried similar nonsense there, such as the United States will soon rot, the USSR will defeat everyone, the dollar is worth nothing, the ruble is very stable, ... Well, in general - the West is collapsing, and guaranteed
As a result - the USSR - collapsed, new rulers - kleptomaniac terrorists of Russia keep all their savings in dollars and euros, in American banks PS Return to objective reality!
June 25, 2022, 06:07:59 PM
I'm not sure what all the fuss is about. Inflation is only up 9.1%, and that's just in line with expectations. Sure, housing and household services, primarily electricity, gas, and other fuels are causing the largest upward contributions to the inflation rate, but that's to be expected(thanks to corona and Russia :p).
After all, we need to keep our economy moving, and that costs money. The survey about "four in five people" is a little misleading. It's not like anyone is actually going to go without food or energy. They may have to tighten their belts a bit, but in the end, they'll just have to pay up. This is the price of living in a developed country.
There's no possible way that such inflation is normal, if you see such increases normal, then you must be pretty well-off to not be bothered by it. A small percentage of inflation (1%-2%) is considered healthy for the economy, the current situation isn't, it's putting a huge burden on households and the economy itself. The higher prices are unlikely to ever return to previous levels, reducing our available income, while our salary has hardly increased since the whole situation started. After all, we need to keep our economy moving, and that costs money. The survey about "four in five people" is a little misleading. It's not like anyone is actually going to go without food or energy. They may have to tighten their belts a bit, but in the end, they'll just have to pay up. This is the price of living in a developed country.
How is that considered normal or healthy?
Goods and serices will be infalted for a while.Other aspects of UK economy are doing pretty well, the GDP is growing, unemployment is low and the stock market is performing fairly well(check FTSE 100).
June 25, 2022, 05:57:11 PM
I'm not sure what all the fuss is about. Inflation is only up 9.1%, and that's just in line with expectations. Sure, housing and household services, primarily electricity, gas, and other fuels are causing the largest upward contributions to the inflation rate, but that's to be expected(thanks to corona and Russia :p).
After all, we need to keep our economy moving, and that costs money. The survey about "four in five people" is a little misleading. It's not like anyone is actually going to go without food or energy. They may have to tighten their belts a bit, but in the end, they'll just have to pay up. This is the price of living in a developed country.
There's no possible way that such inflation is normal, if you see such increases normal, then you must be pretty well-off to not be bothered by it. A small percentage of inflation (1%-2%) is considered healthy for the economy, the current situation isn't, it's putting a huge burden on households and the economy itself. The higher prices are unlikely to ever return to previous levels, reducing our available income, while our salary has hardly increased since the whole situation started. After all, we need to keep our economy moving, and that costs money. The survey about "four in five people" is a little misleading. It's not like anyone is actually going to go without food or energy. They may have to tighten their belts a bit, but in the end, they'll just have to pay up. This is the price of living in a developed country.
How is that considered normal or healthy?
June 25, 2022, 02:14:16 PM
The highs of inflation is hitting everyone very badly. The price of energy and food is at record high. if inflation will persist, it will gravely affect economies, the US federal reserve has increases the interest rates. All these are not good signs.
It is a form of covert colonialism. The way it works is through systematically convincing a population that you represent their best interests & are in legitimate control of their material & educational resources. The internet created a revolution in global democracy between like 1990-2015 & it threatened the established autocracy rule over their covert (& overt) colonies. This is why they have used brain draining FUD like 'Brexit' and 'Covid19' to explain away all sorts of invasive oppressions & man-made crises, have invented these 'woke snowflake' identities to stigmatise & undermine the activated millennials & started to move in on the free spread of information under guises like 'hateful content' & 'threats to the international order' etc..
One must always remember that the people with the most power on earth today, in those meetings in those boardrooms, they cut their teeth & came of age in a world without the internet. And that is the misspent youth they are trying to reclaim.
Inflation is the deliberate weakening of a currency by raising the price of goods & services at a government level. It is just another way to keep the masses dispersed.
June 25, 2022, 01:28:10 PM
I'm not sure what all the fuss is about. Inflation is only up 9.1%, and that's just in line with expectations. Sure, housing and household services, primarily electricity, gas, and other fuels are causing the largest upward contributions to the inflation rate, but that's to be expected(thanks to corona and Russia :p).
After all, we need to keep our economy moving, and that costs money. The survey about "four in five people" is a little misleading. It's not like anyone is actually going to go without food or energy. They may have to tighten their belts a bit, but in the end, they'll just have to pay up. This is the price of living in a developed country.
After all, we need to keep our economy moving, and that costs money. The survey about "four in five people" is a little misleading. It's not like anyone is actually going to go without food or energy. They may have to tighten their belts a bit, but in the end, they'll just have to pay up. This is the price of living in a developed country.
June 25, 2022, 08:31:23 AM
High inflation has many causes and could be outside the control of the United Kingdom, so blaming the central bank policy will not be useful, but it is responsible for part of it by the delay in raising interest rates. What matters now is that the crisis has occurred and must be managed, so the bank acted within months The next one will clarify whether inflation will be under control or whether the problem will increase.
In general, I have visited and lived for several months in countries with a runaway inflation rate of more than 20%, prices change every few days, so people should get used to these fluctuations in the short term.
In general, I have visited and lived for several months in countries with a runaway inflation rate of more than 20%, prices change every few days, so people should get used to these fluctuations in the short term.
What would possibly be the recommendation to fight inflation ?
How can it be tackled, what will you advice .
Food shortage and the increase in transportation fees are currently on a high increase.
June 24, 2022, 03:17:07 PM
During the pandemic lockdown period much of the production inside the renewables industry was halted. During it the price of crude oil, used to make gas and petrol, also came crashing down. That was the point the people managing the crisis would have told their loyals to buy the black stuff. Now they're coming out as against nuclear as well as renewables, not because its environmentally unfriendly, but because it threatens the profits of the 'seven sisters' oligopoly and later OPEC nations.
June 24, 2022, 02:46:34 PM
It is going to take a while but the world will do better I can guarantee that. Banks are increasing the interest rate, which means that we are going to eventually see a situation where people will be putting most of that money into interest, and there won't be much money left in the market, meaning gas prices and food prices all of them would have to stay. They won't go down that easily, that would probably not happen, I am guessing that they will just not go up like it did for the past few months.
If we can handle that, then we are going to be doing something decent and it will definitely not be that terrible. If that's the case then food prices and all prices will stay, our wages will grow, and we will get used to all of this.
If we can handle that, then we are going to be doing something decent and it will definitely not be that terrible. If that's the case then food prices and all prices will stay, our wages will grow, and we will get used to all of this.
June 24, 2022, 12:58:11 PM
What happens to the west policy of sanction? Didn't they want to cripple Russia's economy? The time for UK and USA is coming to an end. Their unipolar word system will no longer work and we are going to see some new powerhouse raise. What China is doing is a warning to the west. Now they have the capability to challenge the USA naval fleet near their cost line.
June 24, 2022, 12:44:49 PM
I am wondering is it only the effect of higher fuel prices or Brexit is also responsible for this to some extent. Europe really need to gear up itself for tough times ahead.
Brexit is not responsible for this inflation. High energy prices is one of the major reasons behind this. Price of the commodities is heavily dependent on the fuel price. With the ongoing Russia Ukraine war, the fuel is being sold at a premium. OPEC countries are not increasing the supply while their is demand, adding up to the supply stress leading to consumer inflation.
Also when the economy is rising, when people are making a lot of money, it usually leads to overspending which artificially increases the demand. So if supply remains same, it leads to a price surge. Central bank increases the interest rate to suck out money from the economy so that people don't overspend.
9.1% is really huge for a low interest European country to be honest.
June 24, 2022, 11:36:51 AM
High inflation has many causes and could be outside the control of the United Kingdom, so blaming the central bank policy will not be useful, but it is responsible for part of it by the delay in raising interest rates. What matters now is that the crisis has occurred and must be managed, so the bank acted within months The next one will clarify whether inflation will be under control or whether the problem will increase.
In general, I have visited and lived for several months in countries with a runaway inflation rate of more than 20%, prices change every few days, so people should get used to these fluctuations in the short term.
In general, I have visited and lived for several months in countries with a runaway inflation rate of more than 20%, prices change every few days, so people should get used to these fluctuations in the short term.
June 24, 2022, 10:49:40 AM
The Bank of England last week implemented a fifth consecutive hike to interest rates, though stopped short of the aggressive hikes seen in the U.S. and Switzerland, as it looks to tame inflation without compounding the current economic slowdown.
More than four in five people in the U.K. are worried about rising living costs and their ability to afford basics necessities like food and energy over the coming months, according to a new survey.
More than four in five people in the U.K. are worried about rising living costs and their ability to afford basics necessities like food and energy over the coming months, according to a new survey.
All signs point to a global economic slow down. There isn't a way the central banks can recover from having borrowed/printed so much money in order sustain the economy during COVID without raising interest rates significantly and growth slowing down to a recession.
Keep in mind the war is still "fresh" in Ukraine. Expectations are that it could last years. The cost of consumer goods will only go up as countries begin hoarding resources fearing uncertainty.
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June 24, 2022, 10:24:29 AM
Yeah, well, In the UK it is the same as in the rest of the world. Monetary policies and energy price rises have had an impact on prices, and that is what we are seeing. With this, the central banks, who did not want to, are forced to raise interest rates, but we will see how long they can hold out.
And I don't know what politicians are doing if they don't make lower energy prices a priority. Especially in Europe, where they seem bent on shooting themselves in the foot.
And I don't know what politicians are doing if they don't make lower energy prices a priority. Especially in Europe, where they seem bent on shooting themselves in the foot.
June 24, 2022, 10:23:57 AM
It's honestly depressing and keeps worsening month by month. I'm from Greece, and inflation reached 11.3% in May, the highest in 29 years. It's even worse than the UK and most European countries, to be precise. The average cost of Unleaded 95 petrol is even higher than UK's, ranging from €2.40-€2.50 and even reaching €2.70 in a few islands.
The war isn't coming to an end anytime soon, while it has also been used as a way of speculation to increase prices and never lower them ever again. At the same time, the average wage hardly exceeds €700 - €900 after taxes.
The war isn't coming to an end anytime soon, while it has also been used as a way of speculation to increase prices and never lower them ever again. At the same time, the average wage hardly exceeds €700 - €900 after taxes.
June 24, 2022, 09:37:59 AM
for developing countries. inflation of around 10% has become commonplace. could be even more.
but at the level of a developed country like the UK, it will definitely be in the spotlight. because many developing countries highlight developed countries such as England. and indeed it is rare in developed countries that they can be hit by inflation today. it shows the severity of the economic conditions today in various countries. so that even developed countries are affected.
Inflation is found high on each and every country. As stated the higher inflation during the time of growth is common, but the same over a country that has already established as a developed country shows that economy around the world is getting worse with time. This time everything has happened altogether, the pandemic, the economic crisis, and the food crisis. In some aspect this destruction is initiated by pandemic and further has caused economic decline and food shortage. but at the level of a developed country like the UK, it will definitely be in the spotlight. because many developing countries highlight developed countries such as England. and indeed it is rare in developed countries that they can be hit by inflation today. it shows the severity of the economic conditions today in various countries. so that even developed countries are affected.
June 24, 2022, 07:47:43 AM
for developing countries. inflation of around 10% has become commonplace. could be even more.
but at the level of a developed country like the UK, it will definitely be in the spotlight. because many developing countries highlight developed countries such as England. and indeed it is rare in developed countries that they can be hit by inflation today. it shows the severity of the economic conditions today in various countries. so that even developed countries are affected.
but at the level of a developed country like the UK, it will definitely be in the spotlight. because many developing countries highlight developed countries such as England. and indeed it is rare in developed countries that they can be hit by inflation today. it shows the severity of the economic conditions today in various countries. so that even developed countries are affected.
June 24, 2022, 06:32:05 AM
The rate the price of food is going high is very surprising and the government is not even doing anything about it. Salary earners are getting choked up because of the price of food stuffs are going high but salary does not increase at all. Employees are now faced with the problem of what to eat with the stable salary that can not compete with the way price of goods are surging high. How I hope the government can look into this matter and help us.
Maybe they are doing something but they are just defeated by increasing demand and low supply coming to their country. Minimum salary earners are really choke up by the inflation rate rise because the purchasing powers of their salary gotten every 15 days or monthly decrease and this totally hurt so much to majority that's why since this issues shown already maybe they should finds ways in future that there's no food crisis will happen to their country and maybe they should boost their agricultural sector to increase the food supply in their country.
June 24, 2022, 04:48:16 AM
The rate the price of food is going high is very surprising and the government is not even doing anything about it. Salary earners are getting choked up because of the price of food stuffs are going high but salary does not increase at all. Employees are now faced with the problem of what to eat with the stable salary that can not compete with the way price of goods are surging high. How I hope the government can look into this matter and help us.
June 22, 2022, 07:36:17 PM
Loans with 1% interest rates in an environment with 9% inflation would be structured to net profit a loss.
Central banks may be forced to raise rates, to cut loan payment losses as inflation rises.
I think that could be the narrative most are missing.
Its difficult to visualize the effect inflation has on loan markets. Loan payments are depreciating at a faster rate, faster than loaners earn from interest. The market greatly favors those taking out a loan in contrast to those offering loans.
Central banks may be forced to raise rates, to cut loan payment losses as inflation rises.
I think that could be the narrative most are missing.
Its difficult to visualize the effect inflation has on loan markets. Loan payments are depreciating at a faster rate, faster than loaners earn from interest. The market greatly favors those taking out a loan in contrast to those offering loans.
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