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  • Consumer price inflation, UK: February 2024

    From ons.gov.uk

    The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.8% in the 12 months to February 2024, down from 4.2% in January. On a monthly basis, CPIH rose by 0.6% in February 2024, compared with a rise of 1.0% in February 2023. The Consumer Prices Index (CPI) rose by 3.4% in the 12 months to February 2024, down from 4.0% in January. On a monthly basis, CPI rose by 0.6% in February 2024, compared with a rise of 1.1% in February 2023. The largest downward contributions to the monthly change in both CPIH and CPI annual rates came from food, and restaurants and cafes, while the largest upward ... (full story)

3.4% and 4.5% is still a fuc'ing disaster... this is nowhere near 2% Jeremy Hunt!
good ... atleast inflation declining
Follow price direction
Quoting Whatevs
3.4% and 4.5% is still a fuc'ing disaster... this is nowhere near 2% Jeremy Hunt!
the whole world is suffering from high inflation due to covid-19 which has damaged the supply chain and Ukraine & Russia war as well, so with this current data printed out, i think core inflation & PPI in UK is not too bad compared to let say argentine, venezuela, turkey, sri lanka, sudan, iran.
Don't forget that we can also blame climate change.
Quoting hans91
{quote} the whole world is suffering from high inflation due to covid-19 which has damaged the supply chain and Ukraine & Russia war as well, so with this current data printed out, i think core inflation & PPI in UK is not too bad compared to let say argentine, venezuela, turkey, sri lanka, sudan, iran.
Wait wait wait... CENTRAL BANKS PRINTING TRILLIONS IS WHY WE HAVE INFLATION.

And they are about to print more very soon!

That same BOE is the reason for high inflation, not some Boogeyman half a world away.

Let's stop being manipulated and start blaming who needs to be blamed... central banks! Enough of this shit-show!
Quoting Vancarbon
{quote} Do you know something I don’t ? We still have QT , what makes you think there’s QE returning ? In the event of a recession , then it’s a probability .
Gregory Mannarino (YouTube) and that's all I have to say.
Quoting Vancarbon
{quote} In fairness he’s called it pretty good. I’m taking it he’s talking a recession then
Yes he is. He said, however that the faster the economy craters the higher the stock market will go.
Quoting Vancarbon
{quote} Not with a recession. The market would rewind fast then the QE narrative would get traction imo Look at past examples , it’s a good sell off then the narrative changes.
Once it's all set up between central banks money will move from stock market to precious metals, certain stocks (A.I.) and crypto, but not yet.
Quoting Vancarbon
The 2007-2009 recession took 50% off the market The Dow was 14000 and halved to 7000 Today at 39000 goodness knows where it’ll go . QE has distorted the market so much , the asset bubble will pop . I think a 10% correction is validated irrespective of recession or not
What you're saying is correct... NASDAQ and all of the other crap will PLUMMET, but not yet. Game is rigged and will continue being played out until it won't. Greg said that the faster the economy craters the higher the stock market will go, until they decide it's time to make the greatest shift ever. Guy is obviously on the top of the game... what we need to know is that we should invest in PMs and some crypto and the rest is irrelevant.
Rate cut was not good for uk
The provided information outlines the recent changes in consumer price inflation in the UK. Let's analyze it:

1. **Overall Consumer Price Inflation**:
- The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.8% in the 12 months to February 2024, down from 4.2% in January. Similarly, the Consumer Prices Index (CPI) rose by 3.4% in the same period, down from 4.0% in January. Both measures indicate a slight decrease in inflation rates.

2. **Monthly Changes**:
- On a monthly basis, both CPIH and CPI rose by 0.6% in February 2024, indicating a moderate increase in prices compared to the previous month.

3. **Contributions to Inflation**:
- The largest downward contributions to the monthly change in both CPIH and CPI annual rates came from food, restaurants, and cafes, while the largest upward contributions came from housing and household services, and motor fuels. This suggests that changes in these categories significantly influenced the overall inflation rates.

4. **Core Inflation**:
- Core CPIH (excluding energy, food, alcohol, and tobacco) rose by 4.8% in the 12 months to February 2024, down from 5.1% in January. Similarly, Core CPI (excluding the same items) rose by 4.5% in the same period, also down from 5.1% in January. Core inflation measures provide insights into underlying price trends by excluding volatile items.

5. **Market Reaction and Expectations**:
- The slight decrease in inflation rates may influence market expectations regarding future monetary policy decisions by the Bank of England. Lower inflation could potentially alleviate pressure on the central bank to tighten monetary policy measures, such as raising interest rates, although policymakers will likely continue to closely monitor inflation dynamics.

In summary, the recent data on consumer price inflation in the UK suggests a slight moderation in inflation rates, with decreases observed in both headline and core inflation measures. The composition of inflationary pressures indicates the influence of various factors, including changes in food prices, housing costs, and fuel prices. These developments are likely to be closely watched by policymakers and market participants for their implications on monetary policy and economic outlook.
Quoting Whatevs
{quote} Wait wait wait... CENTRAL BANKS PRINTING TRILLIONS IS WHY WE HAVE INFLATION. And they are about to print more very soon! That same BOE is the reason for high inflation, not some Boogeyman half a world away. Let's stop being manipulated and start blaming who needs to be blamed... central banks! Enough of this shit-show!
That is not fully correct. COVID and the war are the main cause for inflation. Due to the printed money, inflation is more persistent but it does not directly cause inflation. QT is not working as it is supposed to, since the printed money distort the monetary transmission. People hold cheap long-term debt and have excess savings. Hence, they can afford to consume as much as before. That is why inflation does not decrease currently.
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