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December 2017 RPI inflation (Read 434 times)
chris west
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December 2017 RPI inflation
Jan 16th, 2018, 8:31am
 
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!
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Delboy
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Re: December 2017 RPI inflation
Reply #1 - Jan 20th, 2018, 1:35pm
 
Unfortunately CAB 2011 members only get CPI - which was 3%
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WG
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Re: December 2017 RPI inflation
Reply #2 - Jan 21st, 2018, 9:35am
 
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!
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