Forum for former BBC staff

Forum for former BBC staff
http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl >> News and Comment >> December 2017 RPI inflation http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl?num=1516098697 Message started by chris west on Jan 16^th, 2018, 10:32am

Title: December 2017 RPI inflation
Post by chris west on Jan 16^th, 2018, 10:32am

See the December 2017 RPI inflation is 4.1%, which should mean a corresponding rise in BBC pensions, as long as they haven't found a way of wriggling out of using the RPI as the measure. Small cheer!

Title: Re: December 2017 RPI inflation
Post by Delboy on Jan 20^th, 2018, 3:36pm

Unfortunately CAB 2011 members only get CPI - which was 3%

Title: Re: December 2017 RPI inflation
Post by WG on Jan 21^st, 2018, 11:36am

Yes-this is good for BBC Pensioners-especially those entitled to the higher figure...Although the RPI figure is not as high as in November--and the "business pages" are currently contradicting the Bank of England's predictions that inflation will slowly fall during 2018, due to the moderate recovery following the falling £pound spike from june 2016.
I sense "business" is correct and price inflation will remain at around 3.1% CPI or even higher throughout 2018.
There is however little to fear from wage inflation. The private sector -particularly retail-is being battered by lack of demand and the public sector is of course still exposed to the unofficial !% "rise".
As for the stock market--at the moment that is grossly over valued. Just watch it slump if a dough Brexit deal looks like emerging or -worse still- a Left Wing Government becomes a reality.
Roll on to spring!