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Economy

progree

(11,493 posts)

5. From the BBC on U.K. inflation, non-paywalled

Reply to mahatmakanejeeves (Original post)

Mon Feb 14, 2022, 07:51 PM

Feb 2022

https://www.bbc.com/news/business-12196322

What is the UK's inflation rate and why is the cost of living going up?, BBC, Feb. 3, 2022

Inflation is at its highest rate for 30 years, having risen to 5.4% in the 12 months to December.

... right now, prices are rising so quickly that average pay is not keeping up (https://www.bbc.co.uk/news/business-60035312).

In the year to November 2021, regular pay, excluding bonuses and adjusted for inflation, fell 1%.

... Why are prices rising now? ... The main reason is the rising global price of energy.
...

And then finally there is a graph of their CPI, starting sometime in 2012

There's no forecast of what they expect inflation to be.

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Highlight:

Soaring Inflation Means Britons Face Biggest Fall in Real Incomes in 30 Years [View all] mahatmakanejeeves Feb 2022 OP

In the U.S. real hourly earnings for production & non-supervisory down 1.3% Jan over Jan progree Feb 2022 #1

It's another country. NT mahatmakanejeeves Feb 2022 #2

⇧ ⇧ ⇧ 👍 Indeed it is 😊 /nt progree Feb 2022 #4

I love these ridiculous adjectives 'soaring' and 'shooting past wage growth' in this article... SWBTATTReg Feb 2022 #3

From the BBC on U.K. inflation, non-paywalled progree Feb 2022 #5

Germany's producer price index up 24.2% December over December progree Feb 2022 #6