Quote:
Originally Posted by RobboEdin
Let’s not forget that the inflation has occurred. Low inflation in the future just means the prices stay at the same high level and don’t get higher. With energy prices set to go down, it’s not hard to see that inflation will easily go down to low levels.
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Well I could explain my rationale a bit more.
The £400 rebate is been removed. This is far more than the the drop expected in July.
Housing mortgage/rent costs as well as debt costs will continue to rise rapidly this year. (I think government doesnt recognise this though)
There is no signs of supermarket price increases slowing down.
A site some of you might find interesting is trueflation, its formula is devised to more realistic with daily expenses rather than the somewhat artificially tweaked CPI.
https://truflation.com/ (remember to select UK, it defaults to USA)
However the government may be accounting for its newly announced childcare costs subsidy in the budget which would impact inflation. That got announced after I made the previous post.