Jam_Sandwich Posted August 7, 2015 Share Posted August 7, 2015 http://www.iomtoday.co.im/news/business/inflation-down-to-minus-1-5-1-7397750As alwaysNothing to fear if it's short term Link to comment Share on other sites More sharing options...
NoTail Posted August 7, 2015 Share Posted August 7, 2015 -1.5% is deflation Link to comment Share on other sites More sharing options...
Jam_Sandwich Posted August 7, 2015 Author Share Posted August 7, 2015 https://www.gov.im/media/219367/retail-price-index-july.pdfYeah I knowBut it also bugs people Full report aboveIt's mostly Oil & Other FuelsThis obviously impacts the cost of importing Food & Drink hereWhich has made them cheaper over allAll good Link to comment Share on other sites More sharing options...
x-in-man Posted August 7, 2015 Share Posted August 7, 2015 I've said it before, and I'll say it again.. they make this stuff up. Taxed a car last month, paid more. Filled it up, paid more. insured it, paid more. Had a burger, paid more. Bought some work shirts, paid more. Got the 'leccy bill, paid more. Link to comment Share on other sites More sharing options...
pongo Posted August 7, 2015 Share Posted August 7, 2015 This obviously impacts the cost of importing Food & Drink here Yes. If you can put off lunch until next week it will probably be cheaper. Link to comment Share on other sites More sharing options...
woolley Posted August 7, 2015 Share Posted August 7, 2015 I've said it before, and I'll say it again.. they make this stuff up. Taxed a car last month, paid more. Filled it up, paid more. insured it, paid more. Had a burger, paid more. Bought some work shirts, paid more. Got the 'leccy bill, paid more. You didn't pay more to fill up than you did this time last year! Link to comment Share on other sites More sharing options...
x-in-man Posted August 7, 2015 Share Posted August 7, 2015 Try as I might, a tank full wont last a year - not even a month. Link to comment Share on other sites More sharing options...
Jam_Sandwich Posted August 7, 2015 Author Share Posted August 7, 2015 This obviously impacts the cost of importing Food & Drink here Yes. If you can put off lunch until next week it will probably be cheaper. Exactly The essentials are still being bought and it's cheaper for us too. Win win Link to comment Share on other sites More sharing options...
doc.fixit Posted January 8, 2016 Share Posted January 8, 2016 ............in view of today's discussion about whether we are in negative inflation or not in Manx News. I started to wonder what today's goods and services prices are compared to say five years ago and say ten years ago. As I understand it inflation figures only compare the current year with the previous year? Link to comment Share on other sites More sharing options...
Bobbie Bobster Posted January 8, 2016 Share Posted January 8, 2016 It's an index, so once you know the opening and closing values, you can calculate the rate for any time period. CPI (the generally accepted more "accurate" one) has only been available since 2008, so 7 years is the max for that. CPI So Dec 2015 = 119.5 Dec 2014 = 121.4 119.5/121.4 = 0.984 - 1 = -0.0156 = -1.56%, to tie in with the headline number. They don't give the historic numbers for CPI in the monthly document, so I can't work out the 5 and 10 year CPI numbers, but for RPI 2015 168.2 2014 164.4 2010 145.8 2005 121.4 5 years RPI 168.2/145.8 = 1.1536 = 15% over the 5 years or 1.1536^(1/5)-1 = 2.9% per annum 10 years RPI 168.2/121.4 = 1.386 = 39% over 10 years or 3.3% per annum. Link to document here. Link to comment Share on other sites More sharing options...
Non-Believer Posted January 8, 2016 Share Posted January 8, 2016 Can't wait for another "You've never had it so good" release from Al and Eddie..... Link to comment Share on other sites More sharing options...
doc.fixit Posted January 8, 2016 Share Posted January 8, 2016 Thanks BB................I still wonder whether most folk realise the rather large percentage rise over the years................or if they even care. We used to use the Mars bar index...............what it cost when we were kids and then year by year until about ten years ago when we got so fed up with the rising costs.. As you can see I do not believe in financial growth just sustainability. As far as I can see, growth is principally to benefit folks who already have loads..........I have heard most of the arguments and still have heard nothing that might alter my attitude. Link to comment Share on other sites More sharing options...
Numbnuts Posted January 8, 2016 Share Posted January 8, 2016 First post..ducks behind wall in anticipation....Well generally food seems lower and fuel from a year ago for vehicles is certainly and air travel if booked in good time, not sure if that is included in assessments , is a bargain. Electric and Gas are not cheaper and rates are yet to show in these figures I would guess so there's a downside.. These could be a fair reflection of where we are...Have people as much money in there pockets . I would say no because of other factors, overtime cuts ,less work around etc...can I come out from behind the wall now ?? Link to comment Share on other sites More sharing options...
Bobbie Bobster Posted January 8, 2016 Share Posted January 8, 2016 @doc Interesting, if we look at the 5 years average for each year, you can see that "we" are geting better at managing inflation. So, just to clarify, this graph says, for example, that the per annum average inflation over the 5 years to 1991 was 6 and a bit percent Link to comment Share on other sites More sharing options...
doc.fixit Posted January 8, 2016 Share Posted January 8, 2016 ...........thanks again BB. It certainly looks as though it's levelled out a bit which I suppose could be classed as partial sustainability. I guess I've got about ten years of life left so it's purely interest to ask these questions. I did of course live through the massive inflation decades ago. Link to comment Share on other sites More sharing options...
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