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Oh gawd, thank heaven for the beer!
- 27019 Posts
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- 93186 Posts
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Think it's time to just ignore and stop the thread 'dead in the water!'.
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I'll quote the full text, not the selective text that you have....
"A change to the price of your Pay Monthly mobile tariff
What's changing. Why. And when
We've always done everything possible to give you great value. And keep your bills down.
To date, we've held off putting our tariff prices up for as long as possible. Even when our competitors raised theirs.
But now, because of inflation, we need to change the price of your tariff.
From 28 February 2013, your line rental will go up by 3.2% (that's in line with the published RPI when we announced this increase on 11th December).
You'll see the increase on the first bill you get after 28 February 2013."
"A change to the price of your Pay Monthly mobile tariff
What's changing. Why. And when
We've always done everything possible to give you great value. And keep your bills down.
To date, we've held off putting our tariff prices up for as long as possible. Even when our competitors raised theirs.
But now, because of inflation, we need to change the price of your tariff.
From 28 February 2013, your line rental will go up by 3.2% (that's in line with the published RPI when we announced this increase on 11th December).
You'll see the increase on the first bill you get after 28 February 2013."
- 144188 Posts
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- 27632 Solutions
Understanding inflation:
Inflation is a rise in the price of goods and services we buy
The annual rate of inflation shows how much higher or lower prices are compared with the same month a year earlier. It indicates changes to our cost of living
So if the inflation rate is 3% in January, for example, prices are 3% higher than they were 12 months earlier. Or, to look at it another way, we need to spend 3% more to buy the same things
We compare this to the annual change recorded in the previous month to get an idea of whether price rises are getting bigger or smaller
If the annual rate has risen from 3% to 4% from one month to the next, prices are rising at a faster rate
If the rate is said has fallen - say from 3% to 2% - prices of the things we buy are still higher, but have not increased by as much
If the percentage rate is negative - for example, -1% - then prices are 1% cheaper than a year ago
The figures are compiled by the Office for National Statistics. The inflation rate is calculated every month by looking at the changes in prices of 700 goods and services in 150 different areas across the UK.
This is known as the basket of goods and is regularly updated to reflect changes in the things we buy. Hence the recent inclusion of tablet computers and Twilight books and the exclusion of casserole dishes and photo printing services.
There are two main measures: the Consumer Prices Index (CPI) and the Retail Prices Index (RPI). These are, in effect, two baskets comprising different goods and services, and different methods are used to calculate them. There are many differences, but the biggest is that RPI includes housing costs such as mortgage interest payments and council tax, whereas CPI does not.
Inflation is a rise in the price of goods and services we buy
The annual rate of inflation shows how much higher or lower prices are compared with the same month a year earlier. It indicates changes to our cost of living
So if the inflation rate is 3% in January, for example, prices are 3% higher than they were 12 months earlier. Or, to look at it another way, we need to spend 3% more to buy the same things
We compare this to the annual change recorded in the previous month to get an idea of whether price rises are getting bigger or smaller
If the annual rate has risen from 3% to 4% from one month to the next, prices are rising at a faster rate
If the rate is said has fallen - say from 3% to 2% - prices of the things we buy are still higher, but have not increased by as much
If the percentage rate is negative - for example, -1% - then prices are 1% cheaper than a year ago
The figures are compiled by the Office for National Statistics. The inflation rate is calculated every month by looking at the changes in prices of 700 goods and services in 150 different areas across the UK.
This is known as the basket of goods and is regularly updated to reflect changes in the things we buy. Hence the recent inclusion of tablet computers and Twilight books and the exclusion of casserole dishes and photo printing services.
There are two main measures: the Consumer Prices Index (CPI) and the Retail Prices Index (RPI). These are, in effect, two baskets comprising different goods and services, and different methods are used to calculate them. There are many differences, but the biggest is that RPI includes housing costs such as mortgage interest payments and council tax, whereas CPI does not.
- 93186 Posts
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enough already!
