The impact of inflation to an ordinary family gives us a clear indication that the value of our money is no longer the same as yesterday. Wise spending is the name of the game. What the basic needs are should be prioritized instead of buying things that are of less importance.

The growth of one’s economy may be burdened by inflation. However, if policymakers are looking into things seriously, every nation can hurdle the setbacks of inflation by implementing measures to overcome the negative effects of inflation.

yes for sure. without inflation how can we have massive house price inflation without economic inflation? The rules have not suddenly changed. our leaders cannot hide the chickens any longer. They are back and it's going to be very messy. Wage inflation and strikes next.

yes this is the straight formula. Nothing questioning. Inflations dents the economic growth, what else does, I mean more prominently than this.The single largest overhead cost in this country today is the public sector, it is ever increasing in cost and ever decreasing in delivery. You do not "invest" in high cost overheads you look to reduce them and make them more applicable and manageable, simple clear business logic.

Well i agree so some extent. this is more because of low interest rates causing this mess. it is pathetic to hear the same discussed as a "cure" Rate cuts will not free up lending. Lending is not withheld due to rates, it is withheld (prudently) due to high risk of borrower default. IR cuts help like gin helps a drunk. Time for Rehab....

it does. traditionally inflation was bad as it was an indication of demand exceeding supply and this drove up prices. What we are seeing is rising prices being driven by rising commodity prices - this reduces what people have to spend and is anti-inflationary - why can't Mervyn and co see this?

Well, it depends on the prevailing conditions. As long as interest rate decisions are made on an official rate of inflation of 2.5%,which has no resemblance with the real inflation experienced by ordinary families,then sensible, non-politically motivated,corrective economic action is impossible.
Isn't it obvious?

I wish i could have another option here to express my opinion. nevertheless, Inflation will not influence the decisions of the Central Bankers in the USA or Europe. the reason is simple: because their decision to debase their respective currencies is not negotiable. The debasement of Money will not stop. hence the inflation woes will continue to exist.

Lowering rates will only depress sterling which will in turn raise inflation and increase the problem. Here we have no day to day direction from our government, is not answerable to the People, that reduced the value of the dollar more than 90% since they were chosen to control the economy. yes you should be accustomed to high prices and if you don't want to lose all you have convert your bank instruments to gold coins.