Cool! So everything’s way too expensive, and only getting more expensive still, slowly.
“Yay”.
Character_Common8881 on
So we have too low inflation now?
CheraDukatZakalwe on
The more below 2% we get, the more scared all of us should be. ECB rates are far too restrictive for our economy.
It’s far better to have 2, 3% or even 5% inflation than 1% inflation or less. The only times we’ve seen stagnant wages is when we have inflation this low, which was most of the decade after the GFC.
15 Comments
Just in time for the new levy
Prices coming down? Not on this governments watch!
INTRODUCE THE NEW LEVY!
We’re back, baby!
Government: Say no more…
[Average household electricity bills are set to rise by €100 from October after the energy regulator approved an increase the funding needed to operate and develop the electricity grid.](https://www.independent.ie/business/personal-finance/household-electricity-bills-to-rise-by-100-to-fund-investment-in-network/a254906966.html#:~:text=Average%20household%20electricity%20bills%20are,and%20develop%20the%20electricity%20grid.)
Energy prices are coming down, but even if your provider cuts your price (which they don’t always) it will be cancelled out by the new [levy](https://www.independent.ie/business/personal-finance/hike-to-electricity-levy-will-prevent-cuts-to-energy-bills/a1650625629.html) starting in October.
Cool! So everything’s way too expensive, and only getting more expensive still, slowly.
“Yay”.
So we have too low inflation now?
The more below 2% we get, the more scared all of us should be. ECB rates are far too restrictive for our economy.
It’s far better to have 2, 3% or even 5% inflation than 1% inflation or less. The only times we’ve seen stagnant wages is when we have inflation this low, which was most of the decade after the GFC.
Edit: I’m feeling a little better now after finding out that core HICP is at 2.3%: https://www.cso.ie/en/csolatestnews/pressreleases/2024pressreleases/pressstatementflashestimatefortheharmonisedindexofconsumerpricesaugust2024/
They’ve been jukin the stats on inflation for years.
Is this inflation index taking rent into account?
It’s ok folks, the state just transferred your income to other vested interests. Give it some time and they will be back at it.
Okay. Inflation is dropping. Good.
Now let’s see the cost of living drop…hello? Where’d they go?
Lies
So why haven’t the utility companies reduced electricity prices further, and why have our politicians gone silent??
Soon to be replaced by a levy