UK Economy: Inflation rate finally drops to 2%
Вставка
- Опубліковано 12 вер 2024
- It's taken nearly three years, but the inflation rate has finally fallen back to the Bank of England's target.
It fell to 2% in May, down from 2.3% in April.
But experts are warning that the Bank of England is still likely to hold fire on any interest rate cuts until after the 4th of July, meaning some electoral benefits may bypass the Tories.
(Subscribe: bit.ly/C4_News...)
-----------------------
Follow us:
Facebook - / channel4news
Twitter - / channel4news
TikTok - / c4news
Instagram - / channel4news
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
Please how did you reach her, if you don't mind me asking?
@aydin6219
Her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@aydin6219
Her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Abby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
excellent share, curiously inputted Abby Joseph Cohen Services on the internet out of curiosity, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this
We've all made mistakes at some point. You should consider financial planning
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
Do you mind sharing your financial planner?
Leah Foster Alderman
You are most likely to find more info when you look her up.
This headline is an insult....complete insult to working people.
Prices wont come down. People seem to have a misconception here.
Since the end of the gold standard and even before, inflation devalues money as nothing is backing it anymore. Money is currently the worst store of value, failing one of its core tenents.
So mobe into what our economy is, a debt driven one. Get a loan, buy a house or other assets and work it off. Saving is not financially responsible any more, the soending power will always fall.
Yes, if used correctly, debt is a better store of wealth in a fiat world.
Everything is speculative and not worth what people will pay. That includes property.
And it's still higher than 2% for June at 2.8% vs 2.5% for the Eurozone.
Do I feel richer? no as its 2% on top of the 10%
I think most people don't understand what "falling" inflation means. Falling inflation means that prices are still going up, but not as quickly. All the price rises in the past year or two are not going anywhere.
I have worked full time for 15 years since I left school and I am 3 months away from being homeless at any given time. I will never own a house as a single person in my 30s. A truly awful dump of a country. No I don’t feel richer 😂
Owning a home was never designed for single people to achieve. Home ownership is geared toward families. Get a wife/ husband and things will be better.
@angostura7797 absolute rubbish, I've bought two homes as a single person and in Australia which is the second highest market in the world. BUT this was done 10 plus years ago. So much harder to do now.
@@joanneburford6364so your comment is irrelevant
Sunak has done nothing to bring down prices....look at olive oil prices....more than double what used to be a year ago. Nothing is cheaper.
Inflation is a measure of price increases.
2% increases ONTOP of the previous ridiculous increases......why would anyone feel better off?!
Weird framing.
Rage bait by desperate and crappy news that has nothing better to earn your clicks for revenue.
C4 cucks for tory donners
It’s because British people generally have poor reasoning skills. The government banks on public miseducation. In UK, inflation would be 10% but employers give 2% increases. So even when inflation slows to 2%, workers still have 5+ years before their wages get back to parity with before.
It’s all nonsense, the BOE chooses what they want inflation to be. The reality is I can go and buy one carrier bag of food at the supermarket and it costs me £60 now and was £40 a few years ago.
If you include rent and mortgage, which is what the inflation basket used to have in it, until the government changed the rules, the inflation rate, (including food shrinkflation) is over 11%!!!
Leisure / fishing market is completely dead. I buy, refurb and sell small boats and outboard engines. Back in 2018 I was selling one to two small boats a day and an outboard engine too. Fast forward to the last 3 summers and trade is almost non-existent. Now I'm lucky if I can sell one small boat every 2-3 weeks. Nobody has got any money despite the interest rate dropping and petrol and diesel prices significantly reducing. I never ever dreamed business would get this bad in this country. TBH i'm so sick of all of it now I just want to leave the UK and go abroad. Almost anywhere else has to be better than this.
Its still 20% more that it was so unless we go to a period of negative inflation, we are still 20% wore off that we were a few years ago.
More like 30% bruv
Inflation is not falling it is only continues to rise at a slower rate than before, according to doctored statistics. The reality is how much money you got left, or in debt, after visiting the pump, the supermarket and paying the bills.
Why would you feel richer? That's not how inflation works.
You don't understand how inflation works.
@@Craig121000money printer go brr??
The banking system is nonsense
@@Craig121000No you dont understand inflation.
@@chrisbrookes7422this same guy said in another comment that inflation didn’t impact him because he “eats well”
Prices are not coming down, they are just rising more slowly than they did before. Basic economics Ch4 get a grip.
So the already high prices that have risen really really fast are now still going up but slower great plan wishi, how is the stop the boats target going...............
Might go to Rwanda all expenses paid and £3k pay off
@@perpetualintellectual2026sounds good tbh
Manipulated figures. Look at your receipts.
Not unless prices come down
Hit the target but not reduce rates,so a complete contradiction not fit for purpose, complete overhaul fast.
Don't forget about shrinkflation too since not only paying more but getting less as well
does it apply to imported african hookers?
Thats accounted for in inflation statistics.
Where this inflation drop down? I did it see any difference in shop or bills or petrol so im asking WHERE???
Numerous people are doing well, millions are being impacted - you're one of those handling their own money wrong.
Inflation going down does not mean prices go down. It only means they go up slower, so the prices of goods remain inflated over what they were a year ago. In theory wages increases will eventually catch up and make good the difference but it'll take time, so in the meantime the cost of living crisis continues for many.
@zxbzxbzxb1 next week I will be on Pay negotiation meeting for company where I'm working. We already had one meeting and employer said as they can offer more because inflation drop down 🤣🤣🤣
@@Craig121000 probably a weed smoking bad head with no cash
Labor sounds like ready to ride the credit of UKs rebounding economy
Blaah blah blah........food prices are out of control and the economy isn't growing at all....nobody feels better off
The pastry I buy every week, used to be £1.20 in 2021, now £2.20,
But grocery prices are still same
don't block the sound!!
Interesting saying interest rates are a form of sticky inflation
Reality is it's a stealth tax
Everything is 2% more expensive than the previous year.
Do you feel richer?
Weirdly no, I feel like I'm 2% poorer than I was last year.
Why should people who saved money suffer from rate cuts and people with debt benefit from cheap debt? There has to be a stable interest rate at some point, and people will suffer, but it has to be done.
I've still got 2% of nothing, so th3re's that.
London is falling down
Why would the rate in which prices increase make you feel richer? 😅 Just because inflation is down does mean prices are down you'd need deflation for that.... All prices are still increased to where they are. Those prices are here to stay.
The UK PM wearing the French State owned UK energy company is laughable.
We sold our energy infrastructure and the French bought it. Now they are making profit and subsiding the French at our expense.
Rishi just can’t win.
When those with a vested interest, control how inflation is calculated you can be certain real inflation is well above what they say. 😢
No
Food portions have been getting smaller for years and prices haven't gone back down so inflation is still higher than what it was . It's just not rising as fast now.
***Corporate was forced to lower prices by 2% because unchecked greed is unsustainable. ***
😂😂😂😂.
Not even that 🤦.
They didn't reduce prices, but increased prices of 2% instead of 10%.
Basically what cost you 100 last month now cost 102, and you should be happy about it!
Silly question. Inflation is falling still means prices are increasing just not as quickly. And they certainly aren't coming down after the last 4 years of price increases.
I bought Krispy Kreme’s from Tesco it had a sticker for £6+ for 3 I went to the till and it was £7+ then went Nando’s and my usual meal was 14 now its 17. No we’re not richer you fools.
I don't like Sunak but it wasn't his policy to increase interest rates, that was the Bank of England who are independent from the government.
Who runs them? I wonder?!
@@edmundblackaddercoc8522 the BoE runs themselves. Look it up.
My point is that you can credit or criticise Sunak for the interest rate hike and subsequent fall in inflation.
No mortgages are still through the roof. Food prices are still going up. Cost of living costs more. 14 years of decline vote Labour 😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅
Means, products going to go higher
It’s more important to send billions to Ukraine. The uk government fully appreciates their starving homeless comrades. Great work.!
I understand mortgages
Feeling ripped off, not rich.
We need deflation to take prices back to what they where before.
Falling inflation is still inflation! Prices going up still.
Vote rejoin the EU Party or Liberal Democrat’s.
The fed is bigger than any political party and so is Goldman sack and JP 😂 You really think parties run tings?
Had to get the fucking flag in...
Inflation works on a compounding basis, in other words, the poor will stay poor in larger mass n the middle-class will be sitting ducks.
No just poorer slower, not richer....
2%😂
Everything is still going up.
Falling to 2% means it was higher than that, so I'm literally more than 2% poorer, of course I don't feel richer
Anyway have a look at shipping costs, inflation is going to go back up soon IMO
All about greed
Bukankah selama ini kelompok kapitalis pragmatis biadab dari amerika serikat itu selalu menyangkal fakta nyata ( dengan mensponsori seluruh kelompok teroris biadab berikut seluruh pemerintahan tiran totaliter itu) atas tindakan biadab itu??.....
Jawablah fakta itu, biadab!!..
-----
Hasn't the barbaric pragmatic capitalist group from the United States always denied the real facts (by sponsoring the entire barbaric terrorist group and the entire totalitarian tyrant government) of that barbaric act? .....
Answer the facts, savage!!!
BoE did this, not Tories
BoE respond to the economic situation mainly shaped by the government
if it has dropped you have to ask why they called the election if it was all good news
All being done to keep them in power 😂
What d f..k heading?
Hi inflation makes things worse. Falling inflation doesn't make things better - just keeps things 'worse'.
OK
Ah the u.k what a joke.
Ir35 is bankrupting me, I can't find work anymore. Soon lose my house. So no, inflation is the least of my problems. You lot best get to work and labour taxing you to keep me in a hotel. Get to it.
Most the roles are inside right? I was contracting was living the life 22/23 and nothing 23/24. Hope you get something mate.
lies and deception
i am your sister from Yemen, and by Allah I only spoke out of hunger and distress. My mother, my brothers, and I lessons and tears. We are in a situation that only God knows about. God is sufficient for us, and He is the best disposer of affairs for those who brought us to this situation. By Allah Almighty, I did not write this appeal out of distress and distress. Poverty, O world, they have felt it So, I hope for you. By Allah Almighty, Lord of the Great Throne, he ate what I had in the house. By Allah, my brothers, he is my brothers by sitting in the house. Who has no food? By God, we are in a very difficult situation. We have 4 people entering the house, and my father has died, and there is no one who can depend on us and who lives in it.We live in a rented house because we cannot pay the rent we owe. '''''''''''''''''''''''''''''''''''''''''' ''''''''''''''''''''''''''''''''''''''''''''''''' ''''''''''''''''''''''''''''''''''''''''''''''''' ''''''''''''' My brother, my first words are: I swear to God that I will not lie to you or deceive you. I am a Yemeni girl displaced from the war. My family and I live in a rented house in Al-Shahrab 20,000 Yemenis among us, and now we owe 60,000 for 3 months. The owner of the house is one of the people who does not have mercy, by God, my brother. He comes every day, insulting us, talking about us, and moving from the house to the street because we were unable to pay him the rent. The neighbors saw us crying and came back.They came back to talk to the neighbors and we were given the weekend. So we made him swear by God. He will take us out into the street. Have mercy on him and us. Our country is due to this war and we do not find food for our day, and my brothers and I live in a difficult life. Our father died, may God have mercy on him, and we have no one in this world who was with us in these harsh circumstances. My younger brothers went out into the street and saw...The neighbors eat and stand at their door in order to give them bread even if they break it. By God, to whom belongs the dominion of the heavens and the earth, they closed the door and expelled them and came back crying. They are dying of hunger. No one has mercy on them and a holiday is returned. I have made a living, and now if one of us helps us with a kilo of flour, I swear to God, I am dying of hunger. My brother, I am an alien to God. Then, I ask you to help me for the sake of God. I ask you, by God, to love goodness and to help me, even if you can, by messaging me on WhatsApp.On this number 00967717354582 and ask for the name of my card and send it and do not be late and may God reward you with all the best, my brothers Sagar, see how they are and help us and save us before they throw us out in the street, you will be lost or we will die of hunger. My family and I ask you, by God, if you are able to help us, do not be late and may God reward you well..`/--~«««~~♡~♡~♡~~•~•~♡~♡~~♡~♡~♡~♡♡♡~~~: ~:~¡~¡~¡~;I.i.i.i.i.i. i.I.|-◖︻︻}،!.!.🎉😊😢😢😊😢😊😢
Successive price increases for years and now the price increase on top of all the previous increases is ONLY 2%. No one is better off. What a stupid headline.
After Brexit, inflation should have been no worse here than in the USA, but it wasn't thanks to yet more Tory incompetence.
Well.... It was
Where has America inflation come from?
Printing double the money supply in a couple years.
It's all policy.
Managed decline
You Will own nothing
Sunak and his sleazy tory brethren entirely to blame. Andrew toad Bailey is another problem
What's Sajid Javid and Priti getting up to these days?
Ceylon tea🇱🇰🇱🇰number 1 tea in world ❤
0.3% yipeee. 🙄🙄🙄
No we are still being robbed by supermarkets. Prices have gone up over 30% since the 2022 and wage growth has flat lined.
Sir Anthony Seldon, arguably Britain’s leading contemporary political historian is publishing tomorrow that the Conservative government of the last 14 years is the worst government in post-war history.
"In comparison to the earlier four periods of one-party dominance post-1945, it is hard to see the years since 2010 as anything but disappointing. By 2024, Britain’s standing in the world was lower, the union was less strong, the country less equal, the population less well protected, growth more sluggish with the outlook poor, public services underperforming and largely unreformed, while respect for the institutions of the British state, including the civil service, judiciary and the police, was lower, as it was for external bodies, including the universities and the BBC, repeatedly attacked not least by government, ministers and right-wing commentators."
How anyone could even begin to contemplate voting for this bunch of economically illiterate, ideologically driven, selfish, incompetents is beyond me.
Inflation dropping just means prices aren’t going up on average by more than 2% on what is in the bread basket of essential goods.
What that guy should do, is to see if he could resell those unused stocks back to the larger supplier.... and literally have a turnover and renewed pricepoint etc. And push out quicker and faster, by also reducing price points too. So.... sell it back to Japan Centre !!!
Only money don’t worry about it 😉
Nancy Pelosi Akan Kunjungi Suriah
31.03.200731 Maret 2007
"....kunjungan ketua parlemen nancy pelosi dari Partai biadab (..) ke Suriah dan menyebutnya sebagai sesuatu yang sangat buruk. Suriah mendukung terorisme dan menguncang situasi di Libanon....." ( DW news)
( apa arti dari artikel itu)
----
Nancy Pelosi to visit Syria
31.03.2007 March 31, 2007
"....the visit of the speaker of the parliament of the barbaric beast (...) of the barbaric Party (...) to Syria and called it something very bad. Syria is supporting terrorism and destabilizing the situation in Lebanon. ....." (DW news)
(what does
I don't think it's safe now to cut interest rates. The BOE has to be cautious
On funny money that was created from thin air not backed by anything?
It's costs them nothing.
Ever question how we always have money for things none of us want like war, migrants, foreign aid but never have money to fix our own fing roads?
It's all fictional money.
Where and how did they get to only 2%? Wtf?!
From last month
Too late for little old Gen Z me who is now locked in to a 2 year 5% mortgage as a start.
You're in that situation through your own action.
Did you need a mortgage specifically at that time?
5% is ok to be fair
Just overpaid and will be gone in no time 👌😉
13% mortgages in the 80s after Thatcher came in power.
@@perpetualintellectual2026 i really dont know we failed to get one mortage and wanted to get another one my family kinda rushed dand forced me through to do this in fear of things getting worse
I'm not an economist but I'm guessing prices will not drop to match because businesses will always try to make more money, including by price gouging and then blaming it on 'inflation' or whatever excuse the consumer buys, no pun intended.
No.
So the number they give you is compared to the previous year.
So when they say "inflation is at 2%
That means 102%.
Your paying 2% more than the previous year.
After 10 years of consistent 2% increases every year, things cost 20% more 10 years later.
We've had over 30% increase over 4 years ago.
If you had loads of debt, and could alter the prices you sell your products to be more, you effectively write it your debt faster, essentially free money.
This is not available to you as a worker, you have to own a business with the capability of adjusting your prices
Very glitzy studio performance. Including the out-sized Harry Potter specs. Tone down the image, C4.
WHO OWNS THE BANK OF ENGLAND?
Inflation down might get my son a Sky box .So he does not have it rough like the PM
Does this mean labour will inherent a recovering economy.
Sir Nigel will.
Funny how it "comes down" when they are loosing on the polls 😂😂😂😂😂
To answer the title, no because inflation is compounding. It’s addition 2% on top of the 11% or so we suffered prior. Like it or not, we need deflation and the only people who suffer during deflation are the rich because prices are way cheaper as a result
Also, inflation is currently remaining above 2% because of housing and because of services inflation
Inflation is going to rise again slightly up to around 3% in the next few months and the BofE won’t cut interest rates tomorrow.
Sunak called the election well because he knows inflation will go back up and it’ll allow his party to blame Labour immediately
Also, wealth inequality (see Gary Stevenson videos) explains why we are all suffering too
We know it’s going to go up after the election. Rishi knew this too, you can see a high number dropped off and a low number was coming in at the front of the rolling 12 months. The predicted monthly inflation means unless there is deflation in the next figures inflation will be higher. They can then blame the new Labour government which is stupid.
No cause the inflation has already being priced in at the shops anyway.
I would feel richer if I could afford car insurance for a Corsa which I can’t at the moment
i am your sister from Yemen, and by Allah I only spoke out of hunger and distress. My mother, my brothers, and I lessons and tears. We are in a situation that only God knows about. God is sufficient for us, and He is the best disposer of affairs for those who brought us to this situation. By Allah Almighty, I did not write this appeal out of distress and distress. Poverty, O world, they have felt it So, I hope for you. By Allah Almighty, Lord of the Great Throne, he ate what I had in the house. By Allah, my brothers, he is my brothers by sitting in the house. Who has no food? By God, we are in a very difficult situation. We have 4 people entering the house, and my father has died, and there is no one who can depend on us and who lives in it.We live in a rented house because we cannot pay the rent we owe. '''''''''''''''''''''''''''''''''''''''''' ''''''''''''''''''''''''''''''''''''''''''''''''' ''''''''''''''''''''''''''''''''''''''''''''''''' ''''''''''''' My brother, my first words are: I swear to God that I will not lie to you or deceive you. I am a Yemeni girl displaced from the war. My family and I live in a rented house in Al-Shahrab 20,000 Yemenis among us, and now we owe 60,000 for 3 months. The owner of the house is one of the people who does not have mercy, by God, my brother. He comes every day, insulting us, talking about us, and moving from the house to the street because we were unable to pay him the rent. The neighbors saw us crying and came back.They came back to talk to the neighbors and we were given the weekend. So we made him swear by God. He will take us out into the street. Have mercy on him and us. Our country is due to this war and we do not find food for our day, and my brothers and I live in a difficult life. Our father died, may God have mercy on him, and we have no one in this world who was with us in these harsh circumstances. My younger brothers went out into the street and saw...The neighbors eat and stand at their door in order to give them bread even if they break it. By God, to whom belongs the dominion of the heavens and the earth, they closed the door and expelled them and came back crying. They are dying of hunger. No one has mercy on them and a holiday is returned. I have made a living, and now if one of us helps us with a kilo of flour, I swear to God, I am dying of hunger. My brother, I am an alien to God. Then, I ask you to help me for the sake of God. I ask you, by God, to love goodness and to help me, even if you can, by messaging me on WhatsApp.On this number 00967717354582 and ask for the name of my card and send it and do not be late and may God reward you with all the best, my brothers Sagar, see how they are and help us and save us before they throw us out in the street, you will be lost or we will die of hunger. My family and I ask you, by God, if you are able to help us, do not be late and may God reward you well..`/--~«««~~♡~♡~♡~~•~•~♡~♡~~♡~♡~♡~♡♡♡~~~: ~:~¡~¡~¡~;I.i.i.i.i.i. i.I.|-◖︻︻}،!.!.🎉😊😢😢😊😢😊