Inflation has dropped in the UK to just 2.6%
 

Good news, the rate of inflation has come down in the UK and unemployment has also been coming down over the last few months, there's still a long way to go before we get back to where we were a few years ago, but still it's looking better.

Re: Inflation has dropped in the UK to just 2.6%
 

If only the same would happen with rail travel!

http://www.guardian.co.uk/money/2012...s-rise-january

Re: Inflation has dropped in the UK to just 2.6%
 

It's actually dropped back to 2.5% which is great news indeed. As you say unemployment also dropping. Many analysts here are unsure whether the country is actually even in recession because the numbers just dont add up. Where we are at least there doesnt seem to be any 'feeling' of being in a recession.

Re: Inflation has dropped in the UK to just 2.6%
 

Lucky you Chris955! I got made redundant (cut backs) and have only been able to find part time work after 6 months of unemployment. Doesn't help being in London where everything seems shockingly expensive especially when one doesn't earn a full time salary and have to catch the train to work.

People working in the public sector will be feeling it - pensions being taken away, no pay rises etc. I do believe teachers will be striking soon due to pay and conditions and it's probably only a matter of time before tube workers are at it again! Ohhh happy days!

Re: Inflation has dropped in the UK to just 2.6%
 

Yes there is no doubt times are tough for some. I just returned from Queensland where they are now experiencing the same issues with 1000's of public service workers being laid off with literally a moments notice, it isnt good.
I personally wouldnt live or work in London as much as I love the place to visit.

Re: Inflation has dropped in the UK to just 2.6%
 

Lol, yeah I meant 2.5% Lol.

I do think there are signs that the UK is going in the right direction at last.

Re: Inflation has dropped in the UK to just 2.6%
 

Yes absolutely. It is why I laugh when people say something like 'Britain is broken beyond repair' If you want to leave then leave but dont try to justify it with nonsense to make yourself feel better.

Re: Inflation has dropped in the UK to just 2.6%
 

I'm afraid to say I agree with you on that one! I wouldn't recommend living in London to anyone at the moment unless you have a high salary and can afford a good standard of living. It's just too difficult to maintain yourself here at the moment. Great place to visit but a different story living here. I wish I had a little more choice but jobs are scarce in my field and I was given a good opportunity here. Which is why my working holiday visa for New Zealand shall be with me soon and I will be off early next year :-)

Re: Inflation has dropped in the UK to just 2.6%
 

I've just moved to a new work location that makes it more straightforward (schedules stink, but the route is more straightforward) to catch public transport. After doing the calculations, I realised that the cost of catching the bus or train is actually more than the costs of petrol, wear and tear, and parking! Not sure how the government can expect to reduce car use when public transport is so expensive.

Re: Inflation has dropped in the UK to just 2.6%
 

Couldn't agree more! Lift shares are becoming more and more popular. What a crazy place we live in where it's cheaper to buy a car, insure it, tax it, pay for fuel and pay for repairs rather than catching the train...

Re: Inflation has dropped in the UK to just 2.6%
 

I'm sure that this knowledgeable group isn't fooled by the 'good' news that the rate is lower than it was in previous months.

Lower costs of furniture and clothing have offset increases in rail travel and petrol in the period.

Hmmm, I buy a sofa once every 15 yrs or so, clothes a couple times a year maybe, but I drive my car quite a few times a week and travel often by rail too.

No surprise then that I'm not overly excited about the new lower inflation figures.

Re: Inflation has dropped in the UK to just 2.6%
 

Sorry, what do you mean by this? How are furniture and clothes prices going to affect the cost of train travel and petrol?

Re: Inflation has dropped in the UK to just 2.6%
 

Inflation takes into account a "basket" of typical expenses. Some of these may not be relevant for many people. For example, if the change in inflation is due mainly to mortgage costs and you've paid yours off, it doesn't affect you.

Re: Inflation has dropped in the UK to just 2.6%
 

Inflation has been much stickier than anyone expected and I wouldn't bet on it continuing downwards. For example, there's going to be upwards pressure on food in the coming months following the drought in the US Midwest.

Re: Inflation has dropped in the UK to just 2.6%
 

2.5% isn't that great a figure when the Bank of England is supposed to be aiming for a figure of 2% pa. And when salary increases are still not keeping up with that rate of inflation.