Inflation and interest rates.
+6
mcalid
IanH
mikethebike
Mike187
Paulmold
bikeralw
10 posters
Page 1 of 1
Inflation and interest rates.
I've just heard that the official rate of inflation in the UK is now 4.2%. I've not done any online checking, but I seem to remember last time it was approaching 5% ten or twelve years ago, savers could offset this by being able to get almost that rate on a savings account. What is the savers rate today? Less than sweet ** I think. Yet just try going overdrawn or be late paying off a credit card... Rates for that never seem to go down...
Also on the radio today after announcing the inflation rate, the percentage increase in six major areas were listed, electricity, gas, air fares, petrol, housing and raw materials. I worked out the average of these six, 17%..
Could someone tell me what other major outgoing we spend on has either stayed the same or gone down in order to bring the inflation rate to only 4.2%?
Al.
Also on the radio today after announcing the inflation rate, the percentage increase in six major areas were listed, electricity, gas, air fares, petrol, housing and raw materials. I worked out the average of these six, 17%..
Could someone tell me what other major outgoing we spend on has either stayed the same or gone down in order to bring the inflation rate to only 4.2%?
Al.
bikeralw- Donator
-
Posts : 3857
Joined : 2013-04-22
Member Age : 73
Location : High Peak & New Zealand.
Auto-Sleeper Model : Nuevo
Vehicle Year : 2004
Re: Inflation and interest rates.
For most households the mortgage is the biggest outlay. Mortgage rates haven't changed so that would help get inflation down to 4.2%
_________________
Nice to be important but more important to be nice
Paulmold- Donator
-
Posts : 26287
Joined : 2011-02-21
Member Age : 73
Location : North East Wales
Auto-Sleeper Model : Sussex Duo
Vehicle Year : 2010
Re: Inflation and interest rates.
Maybe you're right Paul, when housing was mentioned, house prices and rent were the specifics. Mind you, wait till the next council tax bill drops on the mat...
Al.
Al.
bikeralw- Donator
-
Posts : 3857
Joined : 2013-04-22
Member Age : 73
Location : High Peak & New Zealand.
Auto-Sleeper Model : Nuevo
Vehicle Year : 2004
Re: Inflation and interest rates.
The CPI at 4.2% doesn’t include housing costs, but the CPIH does and that is at 3.8%. I don’t know if hosing costs are the only difference between the two.
I know if I had a mortgage I would be looking to fix it as soon as possible.
Mike
I know if I had a mortgage I would be looking to fix it as soon as possible.
Mike
_________________
A lie can run round the world before the truth has got its boots on. (Terry Pratchett)
Mike187- Donator
-
Posts : 849
Joined : 2015-09-03
Member Age : 73
Location : Kingston upon Hull
Auto-Sleeper Model : Broadway EK TB LP
Vehicle Year : 2013
Re: Inflation and interest rates.
Well fuel is at the highest price since oil price was double it is now.!!
So a major increase for many of us.
Micky
So a major increase for many of us.
Micky
mikethebike- Member
-
Posts : 4224
Joined : 2012-03-01
Location : peterborough
Auto-Sleeper Model : Symphony
Vehicle Year : 2000
Re: Inflation and interest rates.
I like a beer now and again, but usually at home, or if out, with a meal where the cost is lost in the bill. However on Monday we went to Bakewell on the bus, and while my better half was looking around the market, I thought it's a sunny day, I'm not driving, I'll just have a pint in the pub's beer garden.
My pint of draught bitter was slowly hand-pulled, I was smacking my lips in anticipation as I handed over a fiver, expecting change... Imagine my shock when I was asked for another 70p....
Now I know Bakewell is a bit of a tourist hotspot, but this is the north, small town, small pub, out of season...
As I was slowly sipping this liquid gold, I reflected on my first pub pint 53 years ago.. 1s/10d, or round about 9p... Those better at maths than me can work out the percentage rise in that time...
Al.
My pint of draught bitter was slowly hand-pulled, I was smacking my lips in anticipation as I handed over a fiver, expecting change... Imagine my shock when I was asked for another 70p....
Now I know Bakewell is a bit of a tourist hotspot, but this is the north, small town, small pub, out of season...
As I was slowly sipping this liquid gold, I reflected on my first pub pint 53 years ago.. 1s/10d, or round about 9p... Those better at maths than me can work out the percentage rise in that time...
Al.
bikeralw- Donator
-
Posts : 3857
Joined : 2013-04-22
Member Age : 73
Location : High Peak & New Zealand.
Auto-Sleeper Model : Nuevo
Vehicle Year : 2004
dotsontour and mcalid like this post
Re: Inflation and interest rates.
Well you weren't in Wetherspoons then!
_________________
Nice to be important but more important to be nice
Paulmold- Donator
-
Posts : 26287
Joined : 2011-02-21
Member Age : 73
Location : North East Wales
Auto-Sleeper Model : Sussex Duo
Vehicle Year : 2010
Re: Inflation and interest rates.
I guess Wetherspoons was the reason I was shocked, whenever we go out just for a drink, it's always to a 'spoons'.
Al.
Al.
bikeralw- Donator
-
Posts : 3857
Joined : 2013-04-22
Member Age : 73
Location : High Peak & New Zealand.
Auto-Sleeper Model : Nuevo
Vehicle Year : 2004
Re: Inflation and interest rates.
Is it really 53 years since you bought a round??????bikeralw wrote:I like a beer now and again, but usually at home, or if out, with a meal where the cost is lost in the bill. However on Monday we went to Bakewell on the bus, and while my better half was looking around the market, I thought it's a sunny day, I'm not driving, I'll just have a pint in the pub's beer garden.
My pint of draught bitter was slowly hand-pulled, I was smacking my lips in anticipation as I handed over a fiver, expecting change... Imagine my shock when I was asked for another 70p....
Now I know Bakewell is a bit of a tourist hotspot, but this is the north, small town, small pub, out of season...
As I was slowly sipping this liquid gold, I reflected on my first pub pint 53 years ago.. 1s/10d, or round about 9p... Those better at maths than me can work out the percentage rise in that time...
Al.
![scratch head](/users/3014/30/14/83/smiles/256783.gif)
![hugegrins](/users/3014/30/14/83/smiles/1819939118.gif)
![hugegrins](/users/3014/30/14/83/smiles/1819939118.gif)
![hugegrins](/users/3014/30/14/83/smiles/1819939118.gif)
![hugegrins](/users/3014/30/14/83/smiles/1819939118.gif)
IanH- Donator
-
Posts : 8178
Joined : 2020-05-04
Location : NORTH WALSHAM
Auto-Sleeper Model : Executive
Vehicle Year : 2002
bikeralw likes this post
Similar.
Hi Al,bikeralw wrote:I like a beer now and again, but usually at home, or if out, with a meal where the cost is lost in the bill. However on Monday we went to Bakewell on the bus, and while my better half was looking around the market, I thought it's a sunny day, I'm not driving, I'll just have a pint in the pub's beer garden.
My pint of draught bitter was slowly hand-pulled, I was smacking my lips in anticipation as I handed over a fiver, expecting change... Imagine my shock when I was asked for another 70p....
Now I know Bakewell is a bit of a tourist hotspot, but this is the north, small town, small pub, out of season...
As I was slowly sipping this liquid gold, I reflected on my first pub pint 53 years ago.. 1s/10d, or round about 9p... Those better at maths than me can work out the percentage rise in that time...
Al.
Commiseration on the price of your pint, myself and the woman-in-charge were staying in Glen Nevis campsite on Monday and ate in the very nearby restaurant. Nice meal just on the slightly expensive side but not too bad until I paid closer attention to the detailed bill.
Five pounds for a pint of, admittedly, very tasty local beer!
I can remember the prices that you quote and I have to add that five pounds would have been more than my wages were then for a week.
The beer was good though...
mcalid- Donator
-
Posts : 140
Joined : 2017-12-20
Location : Fife
Auto-Sleeper Model : Nuevo
Vehicle Year : 2008
bikeralw likes this post
Re: Inflation and interest rates.
bikeralw wrote:... I handed over a fiver, expecting change... Imagine my shock when I was asked for another 70p...
Just goes to show! Living in the centre of a city, I wouldn't bat an eyelid if asked for £5+ for a pint, that's just the going rate (I wouldn't darken the door of a 'spoons if you paid me - there are altogether too many good pubs for that.)
As for that funny money, I missed all of that nonsense by a couple of days!
Tommy.
Last edited by Weegie on Thu Mar 31, 2022 8:06 am; edited 1 time in total (Reason for editing : Typo)
Weegie- Member
-
Posts : 400
Joined : 2018-01-20
Location : Glasgow
Auto-Sleeper Model : Kingham
Vehicle Year : 2017
Re: Inflation and interest rates.
Weegie wrote:bikeralw wrote:... I handed over a fiver, expecting change... Imagine my shock when I was asked for another 70p...
Just goes to show! Living in the centre of a city, I wouldn't bat an eyelid if asked for £5+ for a pint, that's just the going rate (I wouldn't darken the door of a 'spoons if you paid me - there are altogether too many good pubs for that.)
As for that funny money, I missed all of that nonsense by a couple of days!
Tommy.
I'm obviously a bit more.....erm...mature, what would that be in Groats
![biggrin](/users/3014/30/14/83/smiles/1780324424.gif)
Yes, £5+ is the going rate and another vote for not using Wetherspoons. The last time I was surprised at the price of a pint was in a lovely little pub, on a short walk from the Knaresburgh club site.........because it was so cheap!
_________________
Tony
Askit- Donator
-
Posts : 5049
Joined : 2015-05-16
Member Age : 75
Location : West of Scotland
Auto-Sleeper Model : Neuvo EK LP
Vehicle Year : 2015
Re: Inflation and interest rates.
We have plenty of pubs around here who offer bitter at 2.50/3.00 (usually John Smiths) other than spoons. We rarely if ever go to a pub just for a drink but will go to a spoons for lunch when on tour, cheaper than buying a sandwich in a cafe and includes a drink (soft drink at lunchtime for us if driving).
_________________
Nice to be important but more important to be nice
Paulmold- Donator
-
Posts : 26287
Joined : 2011-02-21
Member Age : 73
Location : North East Wales
Auto-Sleeper Model : Sussex Duo
Vehicle Year : 2010
Cymro likes this post
Re: Inflation and interest rates.
I agree Paul. Nowt wrong with a 'spoons', always good beer, and usually located in interesting huge old buildings that would be derelict if it wasn't for 'spoons'. Now I know the arguments that they can put other local pubs out of business, but in hard times they bring employment to town centres and make going out affordable.Paulmold wrote:We have plenty of pubs around here who offer bitter at 2.50/3.00 (usually John Smiths) other than spoons. We rarely if ever go to a pub just for a drink but will go to a spoons for lunch when on tour, cheaper than buying a sandwich in a cafe and includes a drink (soft drink at lunchtime for us if driving).
Al.
bikeralw- Donator
-
Posts : 3857
Joined : 2013-04-22
Member Age : 73
Location : High Peak & New Zealand.
Auto-Sleeper Model : Nuevo
Vehicle Year : 2004
Re: Inflation and interest rates.
I bought a large portion of chips the other day (to share of course) £4.20.
Thats me on a diet then.
Pete
Thats me on a diet then.
Pete
breakaleg- Member
-
Posts : 1140
Joined : 2011-06-01
Member Age : 68
Location : Birmingham
Auto-Sleeper Model : Nuevo Ek
Vehicle Year : 2021
bikeralw likes this post
Re: Inflation and interest rates.
Spuds have gone up, oil is going up (cooking), gas has gone up, wages have gone up, NI has gone up
Net result, chips are up![censored!](/users/3014/30/14/83/smiles/3867281263.gif)
Net result, chips are up
![censored!](/users/3014/30/14/83/smiles/3867281263.gif)
Guest- Guest
Re: Inflation and interest rates.
Went to another chippee the following week and a large chips was £3.60.
Pete
Pete
breakaleg- Member
-
Posts : 1140
Joined : 2011-06-01
Member Age : 68
Location : Birmingham
Auto-Sleeper Model : Nuevo Ek
Vehicle Year : 2021
Re: Inflation and interest rates.
I make it 8.1% pabikeralw wrote:I like a beer now and again, but usually at home, or if out, with a meal where the cost is lost in the bill. However on Monday we went to Bakewell on the bus, and while my better half was looking around the market, I thought it's a sunny day, I'm not driving, I'll just have a pint in the pub's beer garden.
My pint of draught bitter was slowly hand-pulled, I was smacking my lips in anticipation as I handed over a fiver, expecting change... Imagine my shock when I was asked for another 70p....
Now I know Bakewell is a bit of a tourist hotspot, but this is the north, small town, small pub, out of season...
As I was slowly sipping this liquid gold, I reflected on my first pub pint 53 years ago.. 1s/10d, or round about 9p... Those better at maths than me can work out the percentage rise in that time...
Al.
_________________
Best wishes - Ron
inspiredron- Member
-
Posts : 3436
Joined : 2012-06-02
Member Age : 83
Location : Ellesmere, Shropshire
Auto-Sleeper Model : Lancashire
Vehicle Year : 2012
bikeralw likes this post
![-](https://2img.net/i/fa/empty.gif)
» Inflation and interest rates.
» Interest Rates
» inflation
» Air suspension inflation
» some may find this of interest
» Interest Rates
» inflation
» Air suspension inflation
» some may find this of interest
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum