2006-12-21 04:29:11 · 11 answers · asked by Angus N 1 in Business & Finance ➔ Other - Business & Finance
According to the BBC news on thurs it is 3.9%
2006-12-22 18:16:27 · answer #1 · answered by The Fat Controller 5 · 0⤊ 0⤋
This question comes up from time to time. I disagree strongly with the previous answers. Inflation is not progress, growth, or anything of the sort. One thing that inflation does is prevent people from 'hoarding' money, since money looses value a small percent every year. Thus, you should at least put your money in the money market or a CD or what have you. This encourages a bit more investment or a bit more spending than would otherwise occur. It was thought once (The Philips Curve) that you could have a bit of inflation and get less unemployment. This was because workers would actually be receiving less wages through inflation and people who loan money will be receiving less money back (wages and interest rates adjust more slowly than prices). But people eventually catch on and in the long run, there is no trade off between expected inflation and unemployment (you just end up with inflation). However, if the FED doesn't know exactly where to put the money supply, it should error on the side of less wages, because then output increases. So this is my more favorite idea of a little inflation is preferable to no inflation. Finally, not only does the FED not know exactly how much money the economy needs, but we don't even know exactly what the inflation rate it. New studies have shown that the measured inflation rate is actually about 1% than real inflation. So once again, the FED should error on the side of a little bit of inflation (measured by the CPI index).
2016-05-23 05:32:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The official figure is around 2.5% however in reality it is probably closer to 10% as they do not include house prices and petrol. The Labour government changed the rules.
2006-12-21 06:59:16 · answer #3 · answered by JOHN Y 2 · 0⤊ 0⤋
the latest figure is from november and is 2.7%.
The next update will not be until January 16, 2007
2006-12-21 04:34:01 · answer #4 · answered by gristle77 1 · 0⤊ 0⤋
the infiltration rate is about 200 asylum seekers every hour.....oh INFLATION...probably closely related... ;)
2006-12-21 04:42:51 · answer #5 · answered by chrisbowe82 4 · 1⤊ 0⤋
if its useless and no one buys it....an empty can, an old sock, a knitting needle etc ...2.5%
if its wanted or needed.... food gas,electric etc.....between 50-80%
Tony Blairs wankers use 1st option..2.5%
2006-12-21 04:46:43 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Current Inflation (CPI) 2.7%
2006-12-21 04:31:17 · answer #7 · answered by Melli 6 · 0⤊ 1⤋
Who cares it's rigged anyway. Happy days !
2006-12-21 04:48:06 · answer #8 · answered by Anonymous · 0⤊ 0⤋
The latest published figure is for August - 2.4%.
2006-12-21 04:31:54 · answer #9 · answered by mcfifi 6 · 0⤊ 1⤋
http://finance.yahoo.com/currency
2006-12-21 04:37:38 · answer #10 · answered by dee_0076 2 · 0⤊ 0⤋