I was looking at the new statistics.gov.uk website, and the month by month inflation index figures are much harder to find now. This is what I found from:
The figures for the last year are:
Jan 1987 0
So for the last six months Aug figure - Feb figure = 236.1 - 231.3 4.8
4.8/231.1 = 0.0208. Or about 4.2 % annually.
I can't see how prices will start to reduce any time soon to meet the
2% CPI target. Any explations welcome.
I thought that normally prices fell during the spring and summer
because of seasonal food, and lower fuel oil prices. Gas and electric
is going up a lot next month, and train travel is going up in the new
year by 8%. On the plus side the new Red Hot Chili Peppers album is
about half the ticket price and about 1/4 the real price I would have
paid 20 years ago.
You can also look at the table 3.5 for a 1974 basis = 100
which gives figures for the 19th century, when prices seemed to be
stable or falling, the UK economy was 2nd or 3rd in the world, people
could leave school at 12, and there was the poorhouse as the last stop
- posted 8 years ago