Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

CPI calculation
i had hoped to find a list of everything that went into this calculation, but was unable to do so
the nearest bit of useful info that i could find is as follows .....

Over the last five years, the three main contributors to the 12-month inflation rate have been food & non-alcoholic beverages; housing, water, electricity, gas & other fuels; and transport (including motor fuels). Combined, these three sectors have, on average, accounted for over half of the 12-month inflation rate each month.


i think i am right in saying that mortgage costs are taken into account in the RPI calculation, which though a different calc, broadly follows CPI

================

sticky - what on earth are you ranting about, or are even you not sure?

The 'shopping basket' of items making up the Consumer Prices Index (CPI) and Retail Prices Index (RPI) are reviewed every year. Some items are taken out of the basket, some are brought in, to reflect changes in the market and to make sure the CPI and RPI are up to date and representative of consumer spending patterns.

Latest list

http://www.ons.gov.uk/ons/guide-method/user-guidance/prices/cpi-and-rpi/cpi-and-rpi-basket-of-goods-and-services/cpi-and-rpi-2013-basket-of-goods-and-services.pdf

Its not what goes into CPI its what doesnt go into CPI that is the main issue and it excludes Food, Energy, and mortgage costs.

How on earth can ANY government compare wage/salary inflation with CPI without these 3 basics added in.

More and more of disposable income is going on these 3 items above.

The way of calculating inflation should be changed.

Chris Carson, Hays>>>>>>>>>>rent boy.

Man Utd wrong thread.

Your lowering the standards of this board down to nearly as bad as those on advfn.

Boris for €l Presidente.

Boris was born in the US, so he can run or President.
Apparantly, when he was a kid he said he wanted to be World King.

Clegg vs Farage live tonight at 7pm on http://www.lbc.co.uk/ hosted by Nick Ferrari

Watch it on LBC at: http://www.lbc.co.uk/watch-lbc-leaders-debate-live---26th-march-87667



Also live on Sky News (501 or 517)

"The Lib Dem and UKIP leaders go head to head over Britain's future in Europe"

You can also follow it here:

http://www.mirror.co.uk/news/world-news/clegg-vs-farage-live-lib-3287848#ixzz2x60wmZbv

Battle of the Muppets!

sticky - do me and everyone else a favour and read post 38898 re CPI .... the polite comment to you should be "you are badly mistaken" ..... only mortgage costs are (i think) excluded as they go into the RPI calc

Execline

Remember my post earlier


Pilot locks other pilot out of cockpit. Pilot stops pressurisation of plane and uses his personal air supply and that of copilot. Repressurises plane when all dead and flies to Indian Ocean.

Look at this

http://hollywoodlife.com/2014/03/25/malaysia-flight-suicide-pilot-plane-crash/

Cynic post 38898........... your details are out of date read this from YESTERDAY....

25 March 2014 | 09:53am
StockMarketWire.com - UK consumer price inflation (CPI) for February slowed to its lowest level since October 2009, Office of National Statistics (ONS) data showed today.

ONS said CPI rose by a seasonally adjusted 1.7% in February, in keeping with market expectations and down from 1.9% in January.

Core CPI -- excluding food, energy, alcohol, and tobacco costs -- gained by a seasonally adjusted 1.7%in February, from January's 1.6% and slightly ahead of expectations for a rise of 1.6%.

The retail price index (RPI) lifted 2.7% in February, from 2.8% in January. The hike was ahead of an anticipated 2.6%.

ONS data also revealed that the house prices index (HPI) surged 6.8% in January, above an anticipated rise of 5.7% and from a 5.5% gain in December.

The wire news quite clearly states core CPI excludes food, energy and tobbaco and alcohol.............................and we already knew it excluded mortgage charges.

Tell hays to get updated research.

You said........... cynic - 26 Mar 2014 18:59 - 38899 of 38902

sticky - do me and everyone else a favour and read post 38898 re CPI .... the polite comment to you should be "you are badly mistaken" ..... only mortgage costs are (i think) excluded as they go into the RPI calc............................ends

post 38898 reads..........

Haystack - 26 Mar 2014 18:53 - 38898 of 38902

Battle of the Muppets!.............................ends

Cyners what have the muppets got to do with CPI????????????????????????????

You been knocking back the hard stuff on the golf course this afternoon???????????

And in fact I have further evidence the items I mentioned are included in RPI rather than CPI here........

Table 1: High level RPI weights since 1987

RPI GROUP 1987 1992 1997 2002 2007 2012 2013
Food 167 . 152 . 136 . 114 . 105 . 114 116
Catering 46 . 47 . 49 . 52 . 47 . 47 47
Alcohol 76 . 80 . 80 . 68 . 66 . 56 61
Tobacco 38 . 36 . 34 . 31 . 29 . 29 30
Housing 157 . 172 . 1861
. 199 . 238 . 237 254

Cynic..........It doesnt matter I dont need an apology. Im a meek type of guy.

you, you're downright aggressive!

i have no problem at all in apologising, and i fully concur that it's absolutely nuts to exclude those key items even from "core CPI" whatever that may be, though perhaps it is the RPI we should be more concerned with, which apparently does include those items



by the way, orange juice and lemonade at lunchtime with no ice :-) .... and nor did i post or even allude or link muppets to CPI

cynic
I made a comment about the Battle of the Muppets. It was made about the Clegg vs Farage debate this evening..

What a pair of muppets they were. Nothing sensible said by either.

Muppets?

maybe, but at least they had the bottle to fight it out on live tv, unlike the other two.


anyway, opinion says Farage won it by a whisker.



Call me Dave and the lesser spotted Millibandus will not be queueing up for a big one, cos either of the two tonight would wipe the floor with the pair of them.

FARAGE won on points.

POLL SHOWS

You Gov Poll.


57% to Farage 36% to Clegg

FARAGE Lands a knock out blow.

Look out Tory Boys.