"The cumulative effect of those price rises ... has done lasting damage to the cost of everyday goods and services that we buy."

"The cost of gas and electric has doubled over the last 5 years."

"What we're being told and what we feel on the ground are two very different things."

#Economy #Inflation #Cheapflation #CPI #CPIH

https://youtu.be/qR-jaj8x5Wo

Inflation Is Not Below 2%

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UK CPI data for September flat at 0.0% MoM (vs 0.1% expected, 0.3% prior), while YoY CPI rose 1.7% (below 1.9% forecast, 2.2% prior). CPIH YoY dropped to 2.6% from 3.1%. PPI Input fell 1.0%, steeper than the -0.5% expected. Meanwhile, Thailand's central bank cut its rate to 2.25%, defying forecasts of 2.50%, and Indonesia held steady at 6.00% as anticipated.

#UK #Thailand #Indonesia #CPI #CPIH #Inflation #InterestRates #RateCut #CentralBanks