UK inflation slumps to lowest level since 2016

[Polarbear]

UK inflation slumps to lowest level since 2016 @ 1.7%

Now correct me if I am wrong but that headline, using the word slumps suggests it is a bad thing.

For someone on a fixed pension (me) and for all the low income people, low inflation has got to be a good thing surely?

Bloody news always seems to want to paint the worst side of everything.

https://home.bt.com/news/uk-news/uk-inflation-slumps-to-lowest-level-since-2016-11364395634228
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Triumph Trophy Launch Edition

[doggone]

Well deflation is definitely not good on the whole, but considering the drops in pound value the figures are surprising.
The underlying concern is weak demand, lack of confidence and waiting to see what happens with B word.

Perhaps we need a sudden jump in oil prices.

[Polarbear]

[Suntan Sid]

It would appear to be a good thing!
However, it could be used as an excuse for the introduction of negative interest rates.
Gotta keep us plebs in our place!
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"Everybody needs money, that's why they call it money!"

[Diggs]

[bhinso]

Interesting use of language yes.

Reminds me of 'Crash out' of EU without a deal.

[Easy-X]

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[bhinso]

My parents remind me of the good old days of the 90's where inflation 'boomed' at around 13%.

Only 2 hours left until I can Crash Out of work.

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[doggone]

[Diggs]

[Easy-X]

[doggone]

My feeling is if we ever actually leave the EU within a couple of years the main problem might be too high £ v €
The world is full of investors looking to speculate.
It won't help our exports though

I see the city is going from strength to strength with UK based deals far ahead of nearest competition from the US. That wasn't supposed to happen.

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[Sister Sledge]

I suppose it's good. I mean imagine people seeing interest rates of 5 or even 10% these days. It'd hit a lot of people who owe money and that's basically everyone.
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[chickenstrip]

[Diggs]

[-]

But it’s effing irrelevant.

You were having a Diggs at the U.K. economy cos Brexit, without realising your paradise of stability, the EU, is already in the sh1t and will be for the unforeseen future, with the problem you were fantasising over the U.K. about.

That’s a special kind of, errr, special.

It’s a shame you don’t keep up with current affairs before stabbing the keyboard.
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[Im-a-Ridah]

The UK isn't in deflation, inflation is just lower.

[MCN]

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Maybe I’m Seeing things through turd coloured specs, but life now appears much easier than when I grew up.

Can you imagine millenials actually saving up to buy something outright in the future instead of leasing it to have it right away? Cutting spending to a bare bone to cope with 13% interest rates on their borrowing? Coping with regular power cuts and water strikes? Having to walk or cycle miles to school? Learning to mend and repair?
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Jaguar S Type 3.0 V6 Sport R, VW Transporter T5 GP LWB Shuttle 140ps DSG.

[Easy-X]

When I were a kid I got 50 pence a week pocket money and were grateful for it... aye, kids today...

The sod of it was: the smallest box of Lego in Woolworths was £1.10 at the time which meant I had to save up for 3 weeks

Now the kids order on Prime and get the shit they're "entitled" to same day
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[stinkwheel]

As a mortgage holder. To me inflation is free money.

Low inflation gives me a sad.
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