Price rises this year.

[Ms NTL]

Originally Posted by techguyone

VM pricing is a joke, I'm paying £35/month for just 250 Broadband.

It is ridiculous. It is like some in some countries you go the Bazaar and they tell you a carpet costs £2000, and you leave the shop paying just 10 quid for the carpet... I do not want to do that with broadband, gas and electricity etc.

I pay 6p per unit for gas and the rest of the country (with government support) 10p. Why?

[djmagnifique]

Originally Posted by Ms NTL

I pay 6p per unit for gas and the rest of the country (with government support) 10p. Why?

Either you are on a fixed rate at the moment or your gas is supplied by a company other the Northern/Southern gas which may be charged at a different price.

[Ms NTL]

Originally Posted by djmagnifique

Either you are on a fixed rate at the moment or your gas is supplied by a company other the Northern/Southern gas which may be charged at a different price.

No, I am on an Octopus tracker. The price fluctuates between 5.6p-6.6p. My question was rhetoric: there should be one price.

I am also on Agile Octopus lecky: at 10pm tonite the price will be 8p per unit, washing machine, dishwasher dryer etc will all go on at 10pm. Compare this with 34p at 4-7pm.

[Chrysalis]

Originally Posted by Ms NTL

No, I am on an Octopus tracker. The price fluctuates between 5.6p-6.6p. My question was rhetoric: there should be one price.

I am also on Agile Octopus lecky: at 10pm tonite the price will be 8p per unit, washing machine, dishwasher dryer etc will all go on at 10pm. Compare this with 34p at 4-7pm.

Tracker tariffs buy on the daily markets, the normal SVR I think is purchased on year ahead prices so different costs.

Also ofgem cap is time lagged and has stuff built in to allow recoveries of previous losses which bumps up the SVR further.

I am also on gas tracker and its amazing as you said. I think back in November was down to 3p unit with SVR at 10p unit.

[oxfordmark]

Back to the subject!

VM are still calling me, but I miss the calls. They must be desperate.

[Peter729]

https://www.thisismoney.co.uk/money/...y%2Findex.html

[Chrysalis]

Government claiming inflation be 2.9% by end of year, not sure what planet they on honestly.

[Itshim]

Originally Posted by Chrysalis

Government claiming inflation be 2.9% by end of year, not sure what planet they on honestly.

From of all newspapers the Guardian.
Investment bank Citi said the CPI was likely to fall to 2.3% in November, below the Bank of England’s estimate of a 4% inflation rate the fourth quarter of the year. Fund manager Investec said it could slide to 1.6% by December.

Inflation has remained in double digits since last July – barring a brief drop to 9.9% in August – triggering a wave of pay demands to compensate workers for the loss of spending power.

Most of the increase was due to rising energy and food prices, which Citi’s chief UK economist, Benjamin Nabarro, said were now falling at a faster rate than had been expected at the beginning of the year.

Interest rate rises by the Bank of England are also expected to have a dampening effect on consumer spending, further reducing the pressure on prices.

A slide in inflation to 2% would allow the prime minister to more than fulfil his pledge to halve inflation by the end of the year and make it easier to resolve a wave of public sector strikes over pay.

“The faster reduction in inflation [this year] primarily reflects an easing in pricing pressures, particularly in energy,” Nabarro said, adding that inflation could be as low as 5% by July.

Philip Shaw, chief UK economist at Investec, has forecast a fall in inflation to 1.6% by the fourth quarter, driven by falling energy prices and a squeeze from higher lending rates for 1.5m households that must remortgage this year

[Chrysalis]

So thats their basis, the problem is much of the inflation is on essential goods. Just cant see it unless they manipulate the inflation basket to achieve it.

Originally Posted by Chrysalis

Government claiming inflation be 2.9% by end of year, not sure what planet they on honestly.

Earth ?

[Peter729]

Originally Posted by Paul

Earth ?

But an alternative reality 😂

[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.

[RichardCoulter]

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.

Exactly. Isn't it also because the high price rises that have already taken place will start to work their way out of the figures too?

[Chrysalis]

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.

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.

[blackthorn]

Got my letter yesterday and I must be one of the May people as it stated that from May mine was going up by £7. I did ring them up and they`ve reduced my package price by £7 until the end of my contract, which is March 2024. So, no new contract and paying the same as I am now until next March.