Everything is officially more expensive - the lower measure of UK inflation hits 4.4%

17 August 2011

Balloons. Inflation. Obvious.

If you have wondered aloud at the price of stuff recently, your flabbergastation* is well-founded. The Office for National Statistics (ONS) has just published official figures that show that the rate of inflation as measured by the Consumer Prices Index (CPI) rose to 4.4% in July, up from 4.2% in June.

The ONS said the main contributors to inflation came from financial services, clothing and footwear, furniture, household equipment and housing rent.

Let's look at the evidence. Cumulative annual inflation on food and non-alcoholic beverages rose by 6.2%. Specifically, bread and cereals prices rose 9.7%, meat prices rose 6.6%, and chocolate and confectionary rose 7.5%. Household energy bills rose 4.6%, so expect another increase next month, and transport costs rose 7.8%. Again, they hadn’t heard about the trains yet...

Even items already taxed to the hilt have been hit, with alcohol and tobacco rising by 10.3% and so-called non-essential** items like clothes and footwear by 3.1% – both of which represent the largest increases since records began in 1997.

With staple foods and essentials hit so hard, consumers are finding new ways to beat the price rises. In its breakdown of the grocery market, Kantar Worldpanel found that both Aldi and Lidl have increased their percentage share of the UK market, by 0.6% and 0.2% respectively, while Tesco and ASDA lost out to the tune of 0.5% and 0.3%. Sainsburys share remained static and Morrison’s share increased slightly by 0.1%. Waitrose, however, also gained 0.2%, although whether this is owing to it’s ‘essentials’ range, or posh people trying to avoid the plebs is unclear.

The Retail Prices Index (RPI) measure, which includes household costs such as mortgage interest and council tax, was unchanged at 5%.

*may not be an actual word.

** clothing is necessary for a great many people in the world- to protect the rest of our eyes.

TOPICS:   Supermarket   Economy

10 comments

  • Tweedskin
    We're all fucked.
  • Georgie
    Petrol costs have been hitting me the hardest. It wouldn't be too bad if they had only increased 4.4% in the last 12 months but they seem to have gone up about 30% in the last couple of years.
  • The B.
    "Let’s look at the evidence." Iss it just me or did anyone else hear that in a creepy Loyd (yeah, he spells it wrong) Grossman voice?
  • Yue
    As with Georgie petrol is hitting me most too. But then if you vote in the party of high inflation, high employment, high taxes, higher rates of crime, (list goes on) then you get what you deserve.
  • Numpty D.
    Yeah coz petrol prices have only been rising for the last year havent they.
  • Paddy
    I passed my driving test in 2001 and petrol was only 67p per litre/unleaded then. The treasury are a bunch of robbing bastards. No, I don't want to get on a fucking bus or a train as I regularly travel the length of the country and the timings and prices do not make financial sense. Also, I detest poor people who use public transport.
  • oliverreed
    @Paddy, you sir are too kind, I hate public transport and I hate poor people. When I used to live in a city it still took over an hour to accomplish a 10 minute car journey by bus, using a car I could go to point A to B, a bus would circumvent from C to Z before coming back to point B. I now live in the sticks and we are lucky to receive an hourly bus service (pre-subsidy cuts) however a morning journey would require that bus before I arrive in a town to take a bus/coach/train to the city I work in, then I'd still need a silly local to work bus again. It is my choice to live where I do and I accept that I'll use a load of fuel commuting, I never thought I'd be this ass raped in paying for it however. Maybe I should just steal fuel instead? Until the cunts setting the duty of fuel actually pay for it themselves, instead of us the tax payer, they'll never take any notice.
  • Yue
    Incidentally, several years ago I lived in Sweden and the monthly travel card was only £30 in Stockholm. It makes you wonder about similar travelcards around the World and how ours is so astronomically high. And still rising for the same service. There should be some kind of investigation as to where the money actually goes considering the subsidies asked for. I know the answer but wonder why no one else cares to ask.
  • Jolyon B.
    I commute by tractor and red diesel is only 63p per litre , takes a bit longer as I can only use A & B roads but as I hold everyone else up anyway we all arrive at the same time so no harm done.
  • GAMES H.
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