Cable Forum - View Single Post - The Bank of England may have to cut rates to combat low inflation

Chrysalis · 19-09-2015, 01:12

Thats a valid point I guess, although ultimately waiting to see if something gets cheaper is always a gamble.

Take smartphones as an example, its a very high chance they will go down in price when waiting for a while after release day, yet they get pre orders in the 10s of millions and most people buy specific models within a month or two of release.

So whilst I agree "some people who are addicted to always getting the best value may wait, I dont think it will apply to a majority.

As a reference JSA would be at least £15 higher a week if it followed inflation in recent years. Public sector workers are fighting for 1% rise in wages never mind inflation matching rises.

19-09-2015, 01:12	#7
Chrysalis cf.mega poster Join Date: Sep 2003 Posts: 12,048	Re: The Bank of England may have to cut rates to combat low inflation Thats a valid point I guess, although ultimately waiting to see if something gets cheaper is always a gamble. Take smartphones as an example, its a very high chance they will go down in price when waiting for a while after release day, yet they get pre orders in the 10s of millions and most people buy specific models within a month or two of release. So whilst I agree "some people who are addicted to always getting the best value may wait, I dont think it will apply to a majority. As a reference JSA would be at least £15 higher a week if it followed inflation in recent years. Public sector workers are fighting for 1% rise in wages never mind inflation matching rises.