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 Post subject: Re: Inflation watch
PostPosted: Thu Dec 08, 2016 3:12 pm 
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Of Systemic Importance
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Posts: 5222
Consumer Price Index, November 2016

http://www.cso.ie/en/releasesandpublica ... ember2016/

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

Quote:
The most notable changes in the year were decreases in Furnishings, Household Equipment & Routine Household Maintenance (-4.3%), Clothing & Footwear (-2.8%), Communications (-2.7%) and Food & Non-Alcoholic Beverages(-2.4%). There were increases in Miscellaneous Goods & Services (+2.5%), Alcoholic Beverages & Tobacco (+2.1%), Restaurants & Hotels (+1.9%) and Education (+1.8%).

Consumer Prices in November, as measured by the CPI, decreased by 0.1% in the month. During November of last year, prices fell by 0.3% in the month. The most significant monthly price changes were decreases in Restaurants & Hotels (-0.7%) and Food & Non-Alcoholic Beverages (-0.4%). There were increases in Alcoholic Beverages & Tobacco(+0.9%) and Clothing & Footwear (+0.7%).


Private Rents (table 7)
% monthly change +0.0%
% annual change +9.7%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change +3.9%


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 Post subject: Re: Inflation watch
PostPosted: Thu Dec 08, 2016 5:45 pm 
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Real Estate Developer

Joined: Nov 20, 2014
Posts: 994
TheJackal wrote:
% monthly change +0.0%


quick someone tell Newstalk, it has become the constantly moaning about rents channel


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 Post subject: Re: Inflation watch
PostPosted: Thu Jan 12, 2017 11:53 am 
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Old Time Landlord

Joined: Jan 31, 2007
Posts: 385
Location: Middle Earth
Inflation in Germany may be on the up. I have visited Munich for Oktoberfest for the last two years and we are pricing it for this year, the hotels are ~20% more expensive despite a poor attendance at the festival in 2016 because of security concerns and also the festival website tells me the price of a stein is going up by 10% to €11 (still cheap by Irish standards). If there is one item that cannot be shrinkflated it's a stein at the Oktoberfest.


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 Post subject: Re: Inflation watch
PostPosted: Fri Jan 13, 2017 7:58 pm 
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Posts: 2054
Location: Cork and Kerry
Back home in the Green Island, the price of diesel and petrol, both of them, have witnessed increases of the best part of 7% from start of October 2016 to start of January 2017.

That is a fairly significant outlay for commuters.
Sadly - in both life and financial terms - I am one of that group.

http://www.globalpetrolprices.com/Irela ... el_prices/

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 Post subject: Re: Inflation watch
PostPosted: Fri Jan 13, 2017 9:00 pm 
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Too Big to Fail

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Posts: 3775
Location: Bogtrotterland!
If OPEC, Russia & the rest stick to the recent production deals, the price will continue to creep up to around $80 which is the preferred price as stated by Saudi Arabia.
This will have a worse affect on the price of fuel due to the relative weakness of the Euro.
Those increases will eventually creep through the system such that even Toblerone wouldn't be able to widen the gaps any further without looking (even more) ridiculous.

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 Post subject: Re: Inflation watch
PostPosted: Sat Jan 14, 2017 12:17 am 
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IMF'd

Joined: Sep 13, 2007
Posts: 31921
Location: Tullamore
dolanbaker wrote:
If OPEC, Russia & the rest stick to the recent production deals, the price will continue to creep up to around $80 which is the preferred price as stated by Saudi Arabia.
This will have a worse affect on the price of fuel due to the relative weakness of the Euro.
Those increases will eventually creep through the system such that even Toblerone wouldn't be able to widen the gaps any further without looking (even more) ridiculous.

And he's back! :lol:

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 Post subject: Re: Inflation watch
PostPosted: Mon Jan 23, 2017 2:54 pm 
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Of Systemic Importance
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Posts: 5222
Consumer Price Index, December 2016

http://www.cso.ie/en/releasesandpublica ... ember2016/

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

Quote:
The most notable changes in the year were decreases in Furnishings, Household Equipment & Routine Household Maintenance (-4.8%), Clothing & Footwear (-3.8%), Food & Non-Alcoholic Beverages (-2.8%) and Communications (-2.7%). There were increases in Miscellaneous Goods & Services (+2.2%), Restaurants & Hotels (+1.9%), Alcoholic Beverages & Tobacco (+1.8%) and Education (+1.8%).

Consumer Prices in December, as measured by the CPI, remained unchanged in the month. During December of last year, prices fell by 0.1% in the month. The most significant monthly price changes were decreases in Alcoholic Beverages & Tobacco (-1.9%) and Clothing & Footwear (-1.4%). There were increases in Housing, Water, Electricity, Gas & Other Fuels (+0.5%) and Transport (+0.4%).



Private Rents (table 7)
% monthly change +0.3%
% annual change +9.7%

Local Authority Rents (table 7)
% monthly change +0.6%
% annual change +3.8%


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 Post subject: Re: Inflation watch
PostPosted: Mon Jan 30, 2017 2:10 pm 
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Old Time Landlord

Joined: Jan 31, 2007
Posts: 385
Location: Middle Earth
I saw yesterday Dunnes are again charging €5/kg for basmati rice, something I haven't seen them do since perhaps 2011. Still about €2 for the same qty in Lidl, or for those of you with many mouths to feed drop into an Asian store for 10kg quantities at about €1.60/kg. The CSO figures really don't relate to my experience.


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 Post subject: Re: Inflation watch
PostPosted: Tue Jan 31, 2017 12:33 pm 
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Of Systemic Importance

Joined: Feb 8, 2007
Posts: 5203
dolanbaker wrote:
If OPEC, Russia & the rest stick to the recent production deals, the price will continue to creep up to around $80 which is the preferred price as stated by Saudi Arabia.
This will have a worse affect on the price of fuel due to the relative weakness of the Euro.
Those increases will eventually creep through the system such that even Toblerone wouldn't be able to widen the gaps any further without looking (even more) ridiculous.

I can't see $80 any time even remotely soon. There's a whole glut of marginal production outside of OPEC that can come online profitably at prices $5-$10 above the current price.


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 Post subject: Re: Inflation watch
PostPosted: Tue Feb 07, 2017 12:34 am 
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Homeless

Joined: May 18, 2016
Posts: 23
http://www.rte.ie/news/business/2017/0206/850562-draghi-on-euro-zone-inflation/
Quote:
Euro zone inflation hit 1.8% in January and is likely to exceed the ECB's target of almost 2% in the coming months, firming resistance in Germany, the euro zone's biggest economy, to the ECB's policy of easy cash.

But core inflation, which excludes energy and food prices, is still low and Draghi pointed to weak underlying trends as a key reason for continued monetary support.

"So far underlying inflation pressures remain very subdued and are expected to pick up only gradually as we go on," he said. "This lack of momentum in underlying inflation reflects largely weak domestic cost pressures."

Can someone explain what constitutes core inflation? (or better, explain why food is not considered core -- is this some new fad diet thingy?)


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