The Auto-Sleeper Motorhome Owners Forum (ASOF)
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Inflation and interest rates.

4 posters

Go down

Inflation and interest rates. Empty Inflation and interest rates.

Post by bikeralw Wed Nov 17, 2021 1:56 pm

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.
bikeralw
bikeralw
Donator
Donator

Male

Posts : 3189
Joined : 2013-04-22
Member Age : 70
Location : High Peak & New Zealand.
Auto-Sleeper : Nuevo
Vehicle Year : 2004

Back to top Go down

Inflation and interest rates. Empty Re: Inflation and interest rates.

Post by Paulmold Wed Nov 17, 2021 2:21 pm

For most households the mortgage is the biggest outlay. Mortgage rates haven't changed so that would help get inflation down to 4.2%

_________________
"Tomorrow will be a good day"
Paulmold
Paulmold
Donator
Donator

Male

Posts : 20823
Joined : 2011-02-21
Member Age : 70
Location : North East Wales
Auto-Sleeper : Sussex Duo
Vehicle Year : 2010

Back to top Go down

Inflation and interest rates. Empty Re: Inflation and interest rates.

Post by bikeralw Wed Nov 17, 2021 4:05 pm

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.
bikeralw
bikeralw
Donator
Donator

Male

Posts : 3189
Joined : 2013-04-22
Member Age : 70
Location : High Peak & New Zealand.
Auto-Sleeper : Nuevo
Vehicle Year : 2004

Back to top Go down

Inflation and interest rates. Empty Re: Inflation and interest rates.

Post by Mike187 Wed Nov 17, 2021 4:54 pm

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

_________________
A lie can run round the world before the truth has got its boots on. (Terry Pratchett)
Mike187
Mike187
Donator
Donator

Male

Posts : 699
Joined : 2015-09-03
Member Age : 71
Location : Kingston upon Hull
Auto-Sleeper : Broadway EK TB LP
Vehicle Year : 2013

Back to top Go down

Inflation and interest rates. Empty Re: Inflation and interest rates.

Post by mikethebike Wed Nov 17, 2021 5:05 pm

Well fuel is at the highest  price since oil price was double it is now.!!
So a major increase for many of us.

Micky
mikethebike
mikethebike
Member
Member

Male

Posts : 3820
Joined : 2012-03-01
Location : peterborough
Auto-Sleeper : none

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum