Economist Explains Why The Cost Of Living Crisis Is Not Over

Рет қаралды 10,383

Күн бұрын

Last week, inflation was announced to be 1.7%, a surprising drop that put it below the Bank of England's own target of 2%.
But if inflation is so low, why does everything still feel so expensive.
The i paper's Housing Correspondent Vicky Spratt asks economist Rachelle Earwaker from the Joseph Rowntree Foundation.
She explains that although inflation is generally low, food & rent inflation remains high which is why costs seem to have stayed high.
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Пікірлер: 72

@gingerkilkus 3 ай бұрын

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

@fadhshf 3 ай бұрын

In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.

@hasede-lg9hj 3 ай бұрын

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@lowcostfresh2266 3 ай бұрын

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@Extiiinct 2 ай бұрын

It feels a bit odd to see two people smiling at each other while discussing an issue that negatively impacts so many people.

@Sweetie8387 2 ай бұрын

Yeah did think the same, so strange

@ruthlewis403 17 күн бұрын

Yea I noted that - really odd. Especially the economist lady … so smiley whilst discussing other peoples poverty.

@grahamdrummond2412 3 ай бұрын

Before I've even watched all this, it annoys me when people discussing it on the TV, refer to it as the ' current ' cost of living crisis, as if it's a temporary thing, when you absolutely know it's only going up & up, & has done massively already.

@yo-a 3 ай бұрын

And the ‘current crisis’ has been going on for at least two years.

@durudadlani1931 3 ай бұрын

Make it cheaper, so people can afford it. Cheaper prices, cheaper rents, lower rates on borrowings, mortgages, etc etc. This was the Golden Rule practically applied by Arthur Nash of Ohio to his tailoring business...made it thrive. Common sense, ain't it.

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@dyer-ie3pj 3 ай бұрын

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@james2479 2 ай бұрын

The cost of living crisis is made up! The reason for the rise is greed. Take a look around. 1. Banks: There's less branches, less branch workers, less overheads but interest rates go up? 2. Energy: Up and down the country we see more and more wind farms, more renewable energy more competition but the prices keep going up? 3. Food: Food portions are getting smaller but more expensive look how big things were 20-30 years ago at a fraction of the price. But now we get less for a stupidly high price. Just the 3 examples are huge because they affect every single one of us. They are squeezing everything they can out of us for one reason. GREED. Untill company's are boycotted like Cadbury, BP and shell, withdraw your money from banks. The so called cost of living crisis will continue to get worse.

@wendyparry437 2 ай бұрын

It is a crime that people on unempoyment benefit are living well below the poverty line . Is this not a human rights issue . you can gage how good a Govt is by the way they look after there population . In Tibet they have a Govt that takes surveys on how happy the population is and make it a policy to care about happiness etc.

@shazoids 3 ай бұрын

Love these two so much more down earth than some of the total self promoting sheisters on KZbin and other social media. In summary we are all totally screwed!

@manjeetgill1 Ай бұрын

Services inflation (largley discretionary soedming) is running at 5pc. This would imply a certain portion of the population do have extra money to spend on things. Its one of the reaons why holidays (discretionary expenditure) have rocketed higher. So whilst there is a cost of living crisis for the poor, the middle class are doing ok

@ChequeTwice 26 күн бұрын

It’s corporate greed that caused this

@HarleyButler-ox3qn 3 ай бұрын

There is no way these overpaid Journalists feel like they have "no money when they get paid"

@thycatalyst 3 ай бұрын

Overpaid? theyre paid a pittance.

@2525Hudson 3 ай бұрын

The rent which will be charged will have no link to inflation, as the numbers of houses and flats decline (due to landlords selling up), the supply drops....... what landlords like myself can charge goes up and up. It matters not how much our mortgage is, or if we even have one (i don't), its a business and if we can charge market rate, we will do. The cost of housing is one of the very biggest debts people have, and this current crop of govt are making the whole situation worse with the RRB and EPC C. Hang on tight folks. 🤐

@Nevertalked 3 ай бұрын

Not just food, have to buy shampoo, toiletries, hair dye cleaning product's or hsve germs and people get sick

@wendyparry437 2 ай бұрын

totally agree here .

@stephenbrown4211 3 ай бұрын

That’s easy, Rachel Thieves

@thatthotho 2 ай бұрын

People don't see its the direct consequence of ill-considered, panicky 'stop-any-climate-change' policy. And central banks should reconsider their assumptions that inflation looks the same across increasing levels of societal wealth.

@realest-12 29 күн бұрын

Ludicrous that people call it a crisis, just the new normal...just the beginning

@Ruby-n7jsss 3 ай бұрын

I love this, really useful to have this discussed in an accessible way - and not by an old scowling man. I would like more of these please.

@bitcoinworld6288 3 ай бұрын

lol, why? REASON > The currency being used is inflationary by design. The currency is flawed, get used to it and find ways to fight inflation. GL playing the game :)

@jimmason1072 3 ай бұрын

So a carrot in November 2019 cost 1 lb. that carrot when to 1 lb 50 by 2021...then 2 lb. by 2022...the government doesn't see that even 1.7 % on inflation is still to high when the price if that carrot has doubled.....when your pay has one gone up 20%

@kk-xj5oz 3 ай бұрын

Inflation will be back with a vangeance

@stumac869 3 ай бұрын

Why, the monetary supply is contracting. It'll go back up if the government starts monetising debt (money printing) to pay its way. Prices are still rising because wages are rising but that'll not last long as we slide further into recession. The only exception will be housing because demand is outstripping supply because of immigration (UK).

@kk-xj5oz 3 ай бұрын

@@stumac869 that's what they like you to think. The fact is that the money supply is not contracting just growing in a slower speed

@alisonjones9089 3 ай бұрын

Sorry ladies nothing new here. Poor people spend on wrong things. Example lottery and gambling. Plenty of opps if you put a little effort and self discipline in and stop blaming government and hard luck

@SteveEdwards-kh5hg 3 ай бұрын

Boy ur very judgemental.not a great attitude.unless u hav lived in their shoes don't judge.i help the homeless.people quick to judge thm too.i talk and provide for these less fortunate,the sexual abuse for both women and men is atrocious,trauma,mental health,abandonment,neglect,physical violence etc,yep most hav a sad story and deal with their trauma in diff ways.stop judging and care abt others.😊

@573lbt 3 ай бұрын

Clueless. Absolutely clueless.

@davidjenkins1288 3 ай бұрын

inflation is a compounded number .simple maths how come this economist has not said this it is basic GCSE Maths

@mik7062 18 күн бұрын

Feedback: try not to so much when talking about difficult topics

@razaulkabir3820 Ай бұрын

Cost of living crisis - small group of people becoming richer at the expense of the masses

@erictuilaepa7506 2 ай бұрын

She sounds kiwi

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@DerickSams 3 ай бұрын

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $100k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

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