And, we will punish already stretched households, not least because there is excessive inflation in foodstuffs, primarily as a consequence of Brexit, since the same phenomenon is not being seen in Europe.
Oh. Right.
The Consumer Prices Index (CPI) rose by 3.6%
Core CPI (CPI excluding energy, food, alcohol, and tobacco) rose by 3.7%
Core CPI does not include foos while CPI does. Core CPI is ower than CPI. Therefore it’s not food driving the rise in CPI, is it? Therefore not Brexit….
As negative cycles of economic stupidity go, that one is well up there in the firmament
Well, yes, I suppose it is….
File under “bitter, deluded cunt”.
Both Goebbels and Stalin would be contemptuous of the poor quality of propaganda this cunt attempts, when he makes bald assertions that 30 seconds Googling ONS data refute.
Lest we forget – he has been forced to issue a policy update for the numerous ‘neoliberals’ and suchlike that have infested the comments
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The Covid lockdowns didn’t cause any inflation then? Giving half of the country’s workforce a year off and printing money to pay them didn’t cause any inflationary pressure at all?
Posters have to have a unique first name? How the hell does he expect that to work? Once James Acton posts, James Brown, James Cameron, James Dallas, James Everton, James Franks, James Garfield, James Hillside, James, Ingio, etc. are all banned?
The MSM narrative is that the increase in inflation results from the employers’ NIC increase and the NMW increase. Probably at least partly true, but what about QE and its mishandling?
I’m curious how Brexit explains food inflation in Canada, on a recent trip back food prices in UK seemed much more reasonable and didn’t seem to have gone up as much as back in Canada.
I’ll guess posting that to his site would not be considered a good faith question
.So Brexit has had a world wide effect then. Here in New Zealand , I have done the food shopping in the same store for the past 10 years. I am now spending over twice the amount for roughly the same products and quantities. Can you please all go back into the EU before I run out of money.
Food price inflation in Europe – 26 countries have it worse than the United Kingdom
https://tradingeconomics.com/country-list/food-inflation?continent=europe
Global food price inflation – too many countries to count have it worse, including NZ (Canada has it better).
https://tradingeconomics.com/country-list/food-inflation
Actually an interesting list. Some countries with price deflation you’d be happy to live in, quite a few where a cheaper loaf of bread would be scant compensation for other elements of life.
You really don’t want to include foos in anything, whether Core CPI or a blog post.
@ Theophrastus
QE was, IMHO, justified during Covid, but not during Wilson’s hyperinflation or Reeves’s paying Labour’s paymasters in RMT and the public sector unions.
I knew as soon as he announced it that the cost of furlough would have to come out of my savings from fifty-odd years of working and fifty years of spending less than my income but I STILL that Rishi was right to do it.
As Tim often points out we have to think “what is the alternative?” – is it civil servants/NHS employees not getting an above-inflation pay rise or is it children starving to death?