Inflation watch


#361

#362

Top Central Bank economist calls for 1c and 2c coins to be dumped - -> independent.ie/business/iris … 01423.html


#363

youtube.com/watch?v=LPeQ8Onbio

At least you can use the debasement of coinage to amaze your friends.


#364

Well, except, you know, we haven’t really seen much average deflation… except in real-term wages.

I have bones to pick with y’all :slight_smile:

It’s only wages that matter. That’s what’s driving deflation, that’s what’s concentrating wealth.


#365

Yoganmahew, have you completely changed your opinion low interest rates are deflationary?
You seem to be focusing on wage growth these days. Any opinion on that, eg cause and effect?


#366

Pretty much agree. But again, like inflation, my view that there are types of deflation, some better than others some worse.
A systematic sustained deflation will concentrate wealth in the already wealthy and the hoarders. Must be avoided.


#367

You haven’t been paying attention. That has been my position for some years now.


#368

Consumer Price Index, June 2014
cso.ie/en/releasesandpublica … xjune2014/

% monthly change +0.1%
% annual change +0.4%

Private Rents (table 7)
% monthly change +0.5%
% annual change +8.7%

Local Authority Rents (table 7)
% monthly change +0.4%
% annual change +1.1%


#369

Our rent only went up 6.25% this year. I’ll chalk that one down as a win.


#370

rte.ie/news/business/2014/07 … l-ireland/


#371

Consumer Price Index, July 2014
cso.ie/en/releasesandpublica … xjuly2014/

% monthly change -0.2%
% annual change +0.3%

Private Rents (table 7)
% monthly change +0.0%
% annual change +8.2%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change +1.1%


#372

Consumer Price Index, Aug 2014
cso.ie/en/releasesandpublica … ugust2014/

% monthly change +0.2%
% annual change +0.4%

Private Rents (table 7)
% monthly change +0.9%
% annual change +8.7%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change +1.1%


#373

Consumer Price Index, Sep 2014
cso.ie/en/releasesandpublica … ember2014/

% monthly change -0.2%
% annual change +0.3%

Private Rents (table 7)
% monthly change +1.4%
% annual change +9.3%

Local Authority Rents (table 7)
% monthly change +0.2%
% annual change +1.1%


#374

Consumer Price Index, Oct 2014
cso.ie/en/releasesandpublica … tober2014/

% monthly change -0.3%
% annual change +0.2%

Private Rents (table 7)
% monthly change +0.5%
% annual change +8.9%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change +1.1%


#375

High and Rising Private rents and low stagnate public rents all cross-subsidised by TAX, WELFARE policies.

In other words FRAUD.


#376

A summary of some of the points raised in this thread touched on in the following:

economist.com/news/briefing/21627625-politicians-and-central-bankers-are-not-providing-world-inflation-it-needs-some


#377

It’s a very confused article, at various points berating macho politicians for refusing to open the fiscal gates and later warning that governments are over-leveraged, mixes in deflation, price changes, and wage changes as if they are all the same things in some places, then contradicts that in others.


#378

Indeed. Same as a lot of economist and economics articles and the discipline in general. Take what you choose from them.


#379

If the recent dip in oil prices is sustained for an extended period, we should expect to see price reductions across the board as oil is a fundamental element in the production of so many products.
Would that be deflationary or would it improve the spending abilities of consumers?


#380

Absolutely. Economists can’t have it both ways, ignoring commodity prices on the way up and bemoaning them on the way down. Inflation has become a fetish.