Re:U.S. annual inflation rate drops to 8.5%
by gambiting on Wednesday August 10, 2022 @09:32AM
(#32411606)
My gas(for heating, not petrol) has literally just gone up 600%. You look at these numbers posted in the media and you think "what are they on about? What 8.5%?".
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Re:U.S. annual inflation rate drops to 8.5%
by brianwawok on Wednesday August 10, 2022 @09:35AM
(#32411662)
So it's an average?
If 100% of the average consumer budget was spent on heating gas, a 600% increase of heating gas would be a 600% inflation boost.
At the end of the day, we each have our own inflation #. Some may be lower, some higher.
NYT made a calc to try and show some of this: https://www.nytimes.com/interactive/2022/05/08/business/econ...
(In fact, one question is "do you heat your home with oil", and a Yes answer seems to jump your score up 3% or so)
Re:U.S. annual inflation rate drops to 8.5%
by kalnins on Wednesday August 10, 2022 @09:48AM
(#32411877)
For me (I also use gas for heating), this would mean an increase of monthly expenses around 5-8% during winter months. (assuming 6x increase in the last winters bills). Though I don't live in an 6 bedroom glass house, so other people mileage may vary.
Though average food/fuel prices have also gone up quite a lot, so the total monthly expenses have gone up more around 20%, which is a lot more closer to actual inflation in my region.
Re:U.S. annual inflation rate drops to 8.5%
by roflyear on Wednesday August 10, 2022 @09:34AM
(#32411643)
Must be Europe, right?
Re:U.S. annual inflation rate drops to 8.5%
by devin on Wednesday August 10, 2022 @09:36AM
(#32411678)
From what to what? I don't know if you're talking about a 600% increase of a tiny number or what.
Re:U.S. annual inflation rate drops to 8.5%
by gambiting on Wednesday August 10, 2022 @10:27AM
(#32412540)
£0.03/kWh to £0.18/kWh.
Yes the number overall is tiny - but it still means that whatever I used to spend on heating/hot water, is now 6x higher.
Re:U.S. annual inflation rate drops to 8.5%
by rand49an on Wednesday August 10, 2022 @11:07AM
(#32413254)
Damn what tariff are you on? My gas is currently 7.34p/kWh with Octopus.
Re:U.S. annual inflation rate drops to 8.5%
by gambiting on Wednesday August 10, 2022 @02:51PM
(#32416761)
I'm with octopus. 7.34p/kWh is their flexible tariff, 18p/kWh is their fixed deal at the moment. My old 3p/kWh just expired and I'm not risking the price increasing even further, so I think the fixed deal is still the right way to go, even though it means increasing my price 6x right now.
Re:U.S. annual inflation rate drops to 8.5%
by cjrp on Wednesday August 10, 2022 @11:29AM
(#32413624)
Ditto EDF. Is op mixing up kWh and m3 perhaps?
Re:U.S. annual inflation rate drops to 8.5%
by gambiting on Wednesday August 10, 2022 @03:41PM
(#32417389)
No I'm not. The current fixed deal with Octopus here in UK is 18.53p/kWh + 48p/day as standing charge.
Re:U.S. annual inflation rate drops to 8.5%
by cjrp on Thursday August 11, 2022 @04:29AM
(#32423001)
Ahh sorry, I was mixing up £ and p for some reason!
Re:U.S. annual inflation rate drops to 8.5%
by kube-system on Wednesday August 10, 2022 @11:36AM
(#32413756)
I’m guessing geopolitics is affecting your price. I’m paying 0.045 USD per kWh in for natural gas here in the US, including all fees.