Calis Beach and Fethiye Turkey Discussion Forum
Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: Colwyn on May 19, 2015, 10:08:20 AM
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Results this morning for the UK show annual change in the UK has just tipped into deflation: April 2014 to April 2015 = - 0.1%. The Eurozone and USA are on zero inflatiopn. Meanwhile inflation in Turkey creeps upwards; up from 7.24% in January to 7.91% in April. That is with oil at low prices not seen in a great many years but has started to rise again. We really are on very different paths.
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I think for " The President " to admit there is a financial crisis, with the upcoming elections looming speaks volumes.
Unemployment and inflation rising, industrial action in the Motor industry and the chaos surrounding the elections
will spook the markets. God only knows who" The President "will blame then, he's running out of new enemies.
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Well, he hasn't tried "One of the big boys did it and ran away" yet.
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Results this morning for the UK show annual change in the UK has just tipped into deflation: April 2014 to April 2015 = - 0.1%. The Eurozone and USA are on zero inflatiopn. Meanwhile inflation in Turkey creeps upwards; up from 7.24% in January to 7.91% in April. That is with oil at low prices not seen in a great many years but has started to rise again. We really are on very different paths.
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After the Tories vowing for years to bring inflation in the U.K. down to a minus figure, and this having been somehow achieved, the Governor of The Bank of England stated today that HE will take measures in order to raise the inflation rate to 2% ?? ( Artificially, I suppose ). He mentioned that, at present, due to " deflation " , food is , quote ; MUCH cheaper, energy costs are MUCH cheaper, and , wait for it .........road fuel is MUCH cheaper , end quote. WHERE ?? not in this part of the U.K. Fuel, in particular , Diesel fuel, is going up here almost on a monthly basis , as for food costs, well one has to shop around to find the best prices, as always !!!!
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Well, he hasn't tried "One of the big boys did it and ran away" yet.
Oh , he will, he will !!