Inflation watch


#401

I’ve never accepted the theory that deflation-expectation makes people hold off purchasing a product.

Don’t get me wrong, if prices are going to fall 50%, then by all means yes.

But where deflation is at -2%, it’s not going to stop people buying, just as 2% inflation doesn’t prompt people to rush out and spend all their money instantly.

In fact, the computer industry will tell you how deflation has no meaningful effect on their day-to-day sales.

The fact remains, lower prices are always good for the customer.
Unless of course, it’s asset prices.
Low asset-prices are never a good thing and we must move heaven and earth to prevent such a catastrophe. :angry:


#402

Consumer Price Index, March 2015
cso.ie/en/releasesandpublica … march2015/

% monthly change +0.6%
% annual change -0.6%

Private Rents (table 7)
% monthly change +0.6%
% annual change +8.3%

Local Authority Rents (table 7)
% monthly change -1.0%
% annual change -0.3%


#403

Irish inflation falls further into negative territory

Latest figures suggest annual swing in prices is now at four-year low of -0.7 per cent

irishtimes.com/business/eco … -1.2212477


#404

Consumer Price Index, April 2015
cso.ie/en/releasesandpublica … april2015/

% monthly change +0.0%
% annual change -0.7%

Private Rents (table 7)
% monthly change +0.6%
% annual change +8.7%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change -0.3%


#405

Private rents account for 5% of the index.

Hardly worth talking about unless you are a tenant or a landlord.


#406

For others such as your/my parents the ratio would be quiet different.


#407

Consumer Price Index, May 2015
cso.ie/en/releasesandpublica … exmay2015/

% monthly change +0.4%
% annual change -0.3%

Private Rents (table 7)
% monthly change +0.6%
% annual change +8.9%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change -0.3%


#408

Consumer Price Index, June 2015
cso.ie/en/releasesandpublica … xjune2015/

% monthly change +0.3%
% annual change -0.1%

Private Rents (table 7)
% monthly change +0.9%
% annual change +9.3%

Local Authority Rents (table 7)
% monthly change -0.8%
% annual change -1.4%


#409

Consumer Price Index, July 2015
cso.ie/en/releasesandpublica … xjuly2015/

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

Private Rents (table 7)
% monthly change +1.0%
% annual change +10.4%

Local Authority Rents (table 7)
% monthly change -0.0%
% annual change -1.4%


#410

Consumer Price Index, September 2015

cso.ie/en/releasesandpublica … ember2015/

% monthly change -0.5%
% annual change -0.3%

Private Rents (table 7)
% monthly change +1.2%
% annual change +10.3%

Local Authority Rents (table 7)
% monthly change +0.7%
% annual change -1.0%


#411

CSO have a brand new CPI Inflation Calculator

cso.ie/en/interactivetools/c … alculator/

You can convert as far back as Jan 1922 up to Oct 2015 at present


#412

Consumer Price Index, December 2015

cso.ie/en/releasesandpublica … ember2015/

% monthly change -0.1%
% annual change +0.1%

Private Rents (table 7)
% monthly change +0.3%
% annual change +9.6%

Local Authority Rents (table 7)
% monthly change +0.7%
% annual change -0.4%


#413

Consumer Price Index, January 2016

cso.ie/en/releasesandpublica … nuary2016/

% monthly change -0.8%
% annual change +0.1%

Private Rents (table 7)
% monthly change +1.2%
% annual change +9.4%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change -0.4%


#414

I just can’t trust the inflation figures anymore.

Car Insurance is up 30% on this time last year, 1 of the biggest bills for most households. Yeah fuel is down but unless your driving a lot…
My shop in Lidl/Aldi no longer leaves me feeling that I got a whole lot of bang for my buck. Same number of bags but a lot more out of the pocket.
The first water bills hadn’t been issued this time last year.
Train and bus fares are up a few %
Health Insurance is up as usual


#415

Have to agree 100% with this - any petrol savings have been surpassed by the increase in my car insurance.


#416

I guess it is all down to how they weight each variable in the overall CPI


#417

In other words, inflation is whatever the government wants it to be?


#418

In fairness to the CSO, they are an independent body. Never heard of them being interfered with


#419

We should be seeing more deflation soon as fuel/transport prices work their way thru the system

edit: its happening according to CSO lets see how it affects food prices


#420

Consumer Price Index, February 2016

cso.ie/en/releasesandpublica … ruary2016/

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

Private Rents (table 7)
% monthly change +1.1%
% annual change +9.7%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change -0.4%