News0 min ago
Inflation Down
Inflation down in December, thought I would report this good news on AB, normally it only gets a look in if it goes up. Hope you can all cope with this good news?
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To anyone who knows what the figures mean, it is the same thing. Alas many people do not know what the figures mean and they think, when they see the headline "inflation down" that prices are dropping.
To quote from the ONS summary:
"The largest downward contribution to the monthly change in ....CPI annual rates came from restaurants and hotels; the largest upward contribution to both came from transport."
So the largest contributor to the reduction came from what, for most people, is discretionary spend whilst the smallest was from what, for most people, is necessary spend.
Next year? Burn the news if you wish, close your eyes to it if you wish, down is better than up. The biggest problem in this country is not always government, its the negative attitude of the masses that live here. No country is, or ever will be a bed of roses, add the negativity we have and you have little hope of ever making further improvement.
//its the negative attitude of the masses that live here.//
It wasn't "the masses" that invented a £22billion imaginary black hole and announced it to the money markets, or who spent 3 months in the Summer of 2024 telling the whole World that the economy was in dire straits despite all previous figures and reports saying the oposite. Perhaps the masses know better than the dopey bird from accounts who is now telling everyone that everything is tickety boo despite it being another fantasy from her echo chamber of self regard.
P.S a link wasn't supplied because every link talks about the very thing that I mentioned and Judge nailed down. But you knew that.