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 Post subject: Re: Inflation watch
PostPosted: Thu Dec 08, 2016 2:12 pm 
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Posts: 4912
Consumer Price Index, November 2016

http://www.cso.ie/en/releasesandpublica ... ember2016/

% monthly change -0.1%
% annual change -0.1%

Quote:
The most notable changes in the year were decreases in Furnishings, Household Equipment & Routine Household Maintenance (-4.3%), Clothing & Footwear (-2.8%), Communications (-2.7%) and Food & Non-Alcoholic Beverages(-2.4%). There were increases in Miscellaneous Goods & Services (+2.5%), Alcoholic Beverages & Tobacco (+2.1%), Restaurants & Hotels (+1.9%) and Education (+1.8%).

Consumer Prices in November, as measured by the CPI, decreased by 0.1% in the month. During November of last year, prices fell by 0.3% in the month. The most significant monthly price changes were decreases in Restaurants & Hotels (-0.7%) and Food & Non-Alcoholic Beverages (-0.4%). There were increases in Alcoholic Beverages & Tobacco(+0.9%) and Clothing & Footwear (+0.7%).


Private Rents (table 7)
% monthly change +0.0%
% annual change +9.7%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change +3.9%


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 Post subject: Re: Inflation watch
PostPosted: Thu Dec 08, 2016 4:45 pm 
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Joined: Nov 20, 2014
Posts: 994
TheJackal wrote:
% monthly change +0.0%


quick someone tell Newstalk, it has become the constantly moaning about rents channel


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 Post subject: Re: Inflation watch
PostPosted: Thu Jan 12, 2017 10:53 am 
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Neo Landlord

Joined: Jan 31, 2007
Posts: 279
Location: Middle Earth
Inflation in Germany may be on the up. I have visited Munich for Oktoberfest for the last two years and we are pricing it for this year, the hotels are ~20% more expensive despite a poor attendance at the festival in 2016 because of security concerns and also the festival website tells me the price of a stein is going up by 10% to €11 (still cheap by Irish standards). If there is one item that cannot be shrinkflated it's a stein at the Oktoberfest.


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 Post subject: Re: Inflation watch
PostPosted: Fri Jan 13, 2017 6:58 pm 
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Posts: 1995
Location: Cork and Kerry
Back home in the Green Island, the price of diesel and petrol, both of them, have witnessed increases of the best part of 7% from start of October 2016 to start of January 2017.

That is a fairly significant outlay for commuters.
Sadly - in both life and financial terms - I am one of that group.

http://www.globalpetrolprices.com/Irela ... el_prices/

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 Post subject: Re: Inflation watch
PostPosted: Fri Jan 13, 2017 8:00 pm 
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Location: Bogtrotterland!
If OPEC, Russia & the rest stick to the recent production deals, the price will continue to creep up to around $80 which is the preferred price as stated by Saudi Arabia.
This will have a worse affect on the price of fuel due to the relative weakness of the Euro.
Those increases will eventually creep through the system such that even Toblerone wouldn't be able to widen the gaps any further without looking (even more) ridiculous.

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 Post subject: Re: Inflation watch
PostPosted: Fri Jan 13, 2017 11:17 pm 
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Joined: Sep 13, 2007
Posts: 31335
Location: Tullamore
dolanbaker wrote:
If OPEC, Russia & the rest stick to the recent production deals, the price will continue to creep up to around $80 which is the preferred price as stated by Saudi Arabia.
This will have a worse affect on the price of fuel due to the relative weakness of the Euro.
Those increases will eventually creep through the system such that even Toblerone wouldn't be able to widen the gaps any further without looking (even more) ridiculous.

And he's back! :lol:

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 Post subject: Re: Inflation watch
PostPosted: Mon Jan 23, 2017 1:54 pm 
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Posts: 4912
Consumer Price Index, December 2016

http://www.cso.ie/en/releasesandpublica ... ember2016/

% monthly change +0.0%
% annual change -0.0%

Quote:
The most notable changes in the year were decreases in Furnishings, Household Equipment & Routine Household Maintenance (-4.8%), Clothing & Footwear (-3.8%), Food & Non-Alcoholic Beverages (-2.8%) and Communications (-2.7%). There were increases in Miscellaneous Goods & Services (+2.2%), Restaurants & Hotels (+1.9%), Alcoholic Beverages & Tobacco (+1.8%) and Education (+1.8%).

Consumer Prices in December, as measured by the CPI, remained unchanged in the month. During December of last year, prices fell by 0.1% in the month. The most significant monthly price changes were decreases in Alcoholic Beverages & Tobacco (-1.9%) and Clothing & Footwear (-1.4%). There were increases in Housing, Water, Electricity, Gas & Other Fuels (+0.5%) and Transport (+0.4%).



Private Rents (table 7)
% monthly change +0.3%
% annual change +9.7%

Local Authority Rents (table 7)
% monthly change +0.6%
% annual change +3.8%


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 Post subject: Re: Inflation watch
PostPosted: Mon Jan 30, 2017 1:10 pm 
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Neo Landlord

Joined: Jan 31, 2007
Posts: 279
Location: Middle Earth
I saw yesterday Dunnes are again charging €5/kg for basmati rice, something I haven't seen them do since perhaps 2011. Still about €2 for the same qty in Lidl, or for those of you with many mouths to feed drop into an Asian store for 10kg quantities at about €1.60/kg. The CSO figures really don't relate to my experience.


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 Post subject: Re: Inflation watch
PostPosted: Tue Jan 31, 2017 11:33 am 
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Of Systemic Importance

Joined: Feb 8, 2007
Posts: 5137
dolanbaker wrote:
If OPEC, Russia & the rest stick to the recent production deals, the price will continue to creep up to around $80 which is the preferred price as stated by Saudi Arabia.
This will have a worse affect on the price of fuel due to the relative weakness of the Euro.
Those increases will eventually creep through the system such that even Toblerone wouldn't be able to widen the gaps any further without looking (even more) ridiculous.

I can't see $80 any time even remotely soon. There's a whole glut of marginal production outside of OPEC that can come online profitably at prices $5-$10 above the current price.


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 Post subject: Re: Inflation watch
PostPosted: Mon Feb 06, 2017 11:34 pm 
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Joined: May 18, 2016
Posts: 14
http://www.rte.ie/news/business/2017/0206/850562-draghi-on-euro-zone-inflation/
Quote:
Euro zone inflation hit 1.8% in January and is likely to exceed the ECB's target of almost 2% in the coming months, firming resistance in Germany, the euro zone's biggest economy, to the ECB's policy of easy cash.

But core inflation, which excludes energy and food prices, is still low and Draghi pointed to weak underlying trends as a key reason for continued monetary support.

"So far underlying inflation pressures remain very subdued and are expected to pick up only gradually as we go on," he said. "This lack of momentum in underlying inflation reflects largely weak domestic cost pressures."

Can someone explain what constitutes core inflation? (or better, explain why food is not considered core -- is this some new fad diet thingy?)


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 Post subject: Re: Inflation watch
PostPosted: Tue Feb 07, 2017 2:26 pm 
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Real Estate Developer

Joined: Mar 17, 2008
Posts: 881
PyriteNation wrote:
http://www.rte.ie/news/business/2017/0206/850562-draghi-on-euro-zone-inflation/
Quote:
Euro zone inflation hit 1.8% in January and is likely to exceed the ECB's target of almost 2% in the coming months, firming resistance in Germany, the euro zone's biggest economy, to the ECB's policy of easy cash.

But core inflation, which excludes energy and food prices, is still low and Draghi pointed to weak underlying trends as a key reason for continued monetary support.

"So far underlying inflation pressures remain very subdued and are expected to pick up only gradually as we go on," he said. "This lack of momentum in underlying inflation reflects largely weak domestic cost pressures."

Can someone explain what constitutes core inflation? (or better, explain why food is not considered core -- is this some new fad diet thingy?)


I believe it's because food fluctuates quite widely in price and consumers change their eating habits to compensate - so if the price of fish doubles relative to meat people will eat less fish and more meat. So if last year you bought 1kg of fish for €20 and 1kg of meat for €20 you spent €40 in total this year with fish at €40 and meat at 20€ you might by 2kg of meat and no fish and still pay €40 - however if the inflation figures want to be comparable they will suggest that your bill this year for meat and fish will be €60 - an increase of 50% - but you didn't pay that - you changed your behaviour. So how do you compare this year to last year? Same for energy - electricity price goes up - you might use less, petrol price goes up - you might drive less. It makes it all very complicated as we have no way of predicting how people will substitute one good for another in response to a price increase.


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 Post subject: Re: Inflation watch
PostPosted: Tue Feb 21, 2017 1:15 pm 
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Posts: 4912
Consumer Price Index, January 2017

http://www.cso.ie/en/releasesandpublica ... nuary2017/

% monthly change -0.5%
% annual change +0.3%

Quote:
The most notable changes in the year were increases in Transport (+2.8%), Restaurants & Hotels (+2.0%), Miscellaneous Goods & Services (+2.0%) and Education (+1.7%). There were decreases in Furnishings, Household Equipment & Routine Household Maintenance (-5.5%), Clothing & Footwear (-2.6%), Communications (-2.6%) and Food & Non-Alcoholic Beverages (-2.4%).

Consumer Prices in January, as measured by the CPI, decreased by 0.5% in the month. During January of last year, prices fell by 0.8% in the month. The most significant monthly price changes were decreases in Clothing & Footwear (-9.0%) and Furnishings, Household Equipment & Routine Household Maintenance (-3.0%). There were increases in Alcoholic Beverages & Tobacco (+1.5%) and Food & Non-Alcoholic Beverages (+0.4%).


Private Rents (table 7)
% monthly change +0.0%
% annual change +8.3%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change +3.8%


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 Post subject: Re: Inflation watch
PostPosted: Thu Mar 16, 2017 10:09 am 
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Posts: 4912
Consumer Price Index, February 2017

http://www.cso.ie/en/releasesandpublica ... ruary2017/

% monthly change +0.6%
% annual change +0.5%

Quote:
The most notable changes in the year were increases in Transport (+3.6%), Restaurants & Hotels (+2.1%), Miscellaneous Goods & Services (+2.1%) and Health (+1.7%). There were decreases in Furnishings, Household Equipment & Routine Household Maintenance (-5.2%), Food & Non-Alcoholic Beverages (-2.6%), Clothing & Footwear (-2.5%) and Recreation & Culture (-2.4%).

Consumer Prices in February, as measured by the CPI, increased by 0.6% in the month. During February of last year, prices rose by 0.4% in the month. The most significant monthly price changes were increases in Clothing & Footwear (+6.4%) and Furnishings, Household Equipment & Routine Household Maintenance (+1.5%). There were decreases in Food & Non-Alcoholic Beverages (-0.9%) and Alcoholic Beverages & Tobacco (-0.8%).


Private Rents (table 7)
% monthly change +1.2%
% annual change +8.5%

Local Authority Rents (table 7)
% monthly change +0.0%
% annual change +3.8%


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 Post subject: Re: Inflation watch
PostPosted: Thu Apr 13, 2017 10:31 am 
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Posts: 4912
Consumer Price Index, March 2017

http://www.cso.ie/en/releasesandpublica ... march2017/

% monthly change +0.6%
% annual change +0.7%

Quote:
The most notable changes in the year were increases in Transport (+5.3%), Restaurants & Hotels (+2.2%), Miscellaneous Goods & Services (+2.0%) and Health (+1.7%). There were decreases in Furnishings, Household Equipment & Routine Household Maintenance (-4.5%), Clothing & Footwear (-3.8%), Food & Non-Alcoholic Beverages (-2.6%) and Recreation & Culture (-2.4%).

Consumer Prices in March, as measured by the CPI, increased by 0.6% in the month. During March of last year, prices rose by 0.4% in the month. The most significant monthly price changes were increases in Transport (+2.1%) and Clothing & Footwear (+1.9%). There were decreases in Alcoholic Beverages & Tobacco (-0.3%) and Housing, Water, Electricity, Gas & Other Fuels (-0.2%).


Private Rents (table 7)
% monthly change +0.3%
% annual change +8.6%

Local Authority Rents (table 7)
% monthly change -2.8%
% annual change -0.7%


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 Post subject: Re: Inflation watch
PostPosted: Wed Apr 19, 2017 11:37 am 
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Speculator

Joined: Jan 11, 2009
Posts: 496
http://www.irishtimes.com/business/econ ... -1.3053796

Property prices rose by 10.7 per cent in the 12 months to the end of February, according to the latest property price index from the Central Statistics Office (CSO).

The year-on-year increase was nearly three percentage points higher than the annual rate of inflation recorded in January and comes on the back of a string of indicators pointing to a pick-up in house prices in the first quarter of 2017.

The figures show prices nationally rose by 1.5 per cent in February. In Dublin, where supply pressures are most evident, prices climbed by 8.3 per cent in the year to the end of February.

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