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Thread: Inflation slowing

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    Site Caretaker Dave A's Avatar
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    Inflation slowing

    Some good news on the inflation front - Inflation slows more than expected.

    I wonder how our GDP is doing, though.
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    I disagree with some of the comments in that publication. Inflation has been high Not because of demand but because of increases in essential products and services like petrol, electricity, food. Also I don't see sarb cutting interest rates because inflation has to go be very low which is not the case and if they cut rates demand will increase and inflation will go over 6% again and that is not the aim of the sarb. This is purely my opinion and only time will tell thou
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    Only my humble opinion, but I suspect that inflation figures are being manipulated and that interest rates are kept artificially low. Inflation also differs between the elite and the working class as they do not buy the same goods etc.
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    Nickolai Naydenov (04-Jul-12)

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    Diamond Member AndyD's Avatar
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    It's certainly good news to a point but I wouldn't hold my breath for an interest rate cut based on just this. On the brighter side it should mean we won't get the rate rise they were talking about only a couple of months ago.

    There's a large fuel price drop coming next month which should help most people more in the short term than a small interest rate adjustment. This in turn might help with inflation if the price stays lower.
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    Moderator IanF's Avatar
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    And the teachers ask why does inflation always come down in May during salary negotiations? Saw this on FB last night.
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    Nickolai Naydenov (04-Jul-12)

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    Site Caretaker Dave A's Avatar
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    Quote Originally Posted by IanF View Post
    And the teachers ask why does inflation always come down in May during salary negotiations? Saw this on FB last night.
    Because of the damage done to the economy by disruptive civil servants strikes?

    The trouble with opportunity is it normally comes dressed up as work.

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    Nickolai Naydenov (04-Jul-12)

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    Moderator IanF's Avatar
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    Sometimes these conspiracies make you think? Would the government manipulate stats
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    Quote Originally Posted by IanF View Post
    Sometimes these conspiracies make you think? Would the government manipulate stats
    Yes, I've seen it happen and I know how they manipulate it, I can't say what government organisation I'm talking abouth though, but let me tell you it is huge
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    Got some relief after listening to the news regarding inflation...
    How is it GDP going now a days.....
    i really think that what is the mistake of the people i mean they really work hard by day and night but after that what r getting in reward.. For me they r like simply getting assassinated.... for the deeds that they have not been committed yet...

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