Comments on: Britain gets deflation http://www.creditwritedowns.com/2009/04/britain-gets-deflation.html Finance, Economics and Markets Thu, 09 Feb 2012 21:54:06 +0000 hourly 1 By: william http://www.creditwritedowns.com/2009/04/britain-gets-deflation.html#comment-56216 william Tue, 21 Apr 2009 14:07:00 +0000 http://www.creditwritedowns.com/?p=7958#comment-56216 Very misleading title. You need to be better informed before you publish. Excluding mortgages and the government's VAT cut last year the inflation rate would be more than 4%. Not quite something I would call deflation... Very misleading title. You need to be better informed before you publish.

Excluding mortgages and the government’s VAT cut last year the inflation rate would be more than 4%. Not quite something I would call deflation…

]]> By: Edward Harrison http://www.creditwritedowns.com/2009/04/britain-gets-deflation.html#comment-56214 Edward Harrison Tue, 21 Apr 2009 13:41:00 +0000 http://www.creditwritedowns.com/?p=7958#comment-56214 blooKat, I definitely discount the UK's CPI measure because it was brought in for the same reason that the U.S. uses owners equivalent rent to measure price values. Any consumer price index should include housing as this is the largest single item in anyone's budget. See my comments on the RPI in a <a href="http://www.creditwritedowns.com/2008/06/chart-of-day-uk-inflation.html" rel="nofollow">post from last year</a>. blooKat, I definitely discount the UK’s CPI measure because it was brought in for the same reason that the U.S. uses owners equivalent rent to measure price values. Any consumer price index should include housing as this is the largest single item in anyone’s budget. See my comments on the RPI in a post from last year.

]]> By: blooKat http://www.creditwritedowns.com/2009/04/britain-gets-deflation.html#comment-56213 blooKat Tue, 21 Apr 2009 13:16:00 +0000 http://www.creditwritedowns.com/?p=7958#comment-56213 They are fiddling the figures on a massive scale. The UK Government's "preferred" measure of CPI (which has been quietly dropped) came in at 2.9% vs 2% target. CPI is also up on the February figure: 109.8 as opposed to 109.6, although down from peak of 110.3 in Sep 08. They are fiddling the figures on a massive scale. The UK Government’s “preferred” measure of CPI (which has been quietly dropped) came in at 2.9% vs 2% target. CPI is also up on the February figure: 109.8 as opposed to 109.6, although down from peak of 110.3 in Sep 08.

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