Inflation is NOT back to normal 

Mum's way more important than Inflation News.

I do wonder how many people fail to realise that a fall in inflation doesnt mean that things are cheaper, theyre just increasing a bit slower. Shame on rishi for making out that it means more money in our pockets

Gary called this too and it still frustrates me how painfully predictable they are, taking credit for things they're likely responsible for making worse.

This is why lots of people have lost faith in politicians. Window dressing to gain votes knowing full well the problems have not gone away. 🙇‍♂️

And lets not forget about shrinkflation, a convenient way we are all being hit by inflation, even if the price of things should drop to anywhere near previous levels.

Thanks for cutting through the spin and telling it as it is.

prices still going up but the quality and quantity is dropping

CPIH: Conservative Party Ignoring Housing

It makes me chuckle how a PM who is said to be a financial genius thinks this is good news. In two years my rent has gone up 40% , gas and electricity 300%, insurance 30% for each one (car, home and pet) with weekly food and none food costs going from £400 for two people a month to £850. Don’t forget council tax and any services like internet, mobiles, car fuel and subscriptions all going up, then any credit you have the interest has doubled, credit card interest has shot up. And yet he stands there telling us this is all fine and the new normal. And don’t worry it’s only going to go up 2.3% this month. Oh really really! 🤔 Bottom line these prices are here to stay and continue increasing. Erosion of household surplus being eaten month on month. Feels like we are working harder than ever before for less and less.

I've been waiting for your take on this. Thanks for drawing attention to the important figures buried in the data. You're really authentic in your videos and your're a great communicator. Love your channel.

7:43 'compounding in reverse' is a perfect explanation of why having 2% inflation one year doesn't mean everything is going well and according to plan since we could have also had a 10% inflation rate the year before. I think its just a part of rishi's campaign strategy to just say the economy has improved (insert inflation figure) when it hasn't,

I reckon someone was on the roof with a hosepipe!

That thing on the bank notes 'I promise to pay the bearer a pound' refers to a pound of silver. That would be £400 pounds now so a loss of 99.75% in purchasing power of the pound since 1785 or whenever. The 10% inflation per annum we've seen since the 1980s is no longer balanced by the extraordinary deflation caused by Chinese people becoming good at making stuff. So the price of stuff is going up. Rich people have got rich with inflation but nobody else understands this stuff.

I really appreciate your channel. I think we can all say its BS but you give us the info needed to know it BS, thank you Damien. Hope you had a good time with your mum!

Nice to hear facts and not political party BS. Well done.

Great as always, thanks Damien! Hope you had good holiday!

I 100% agree with your comment at the end. I used to be strong left, but have come to realise now that voting left or right is just a wasted vote and what i actually want to see is competent leadership designed to benefit the British public and the United kingdom as a whole. A great example is the argument of public or private ownership of the railways. Ultimately, I don’t care who owns it, just make sure that trains actually turn up, on time and at a price that’s competitive and comparable to that of other countries. You could say the same for the NHS, ultimately what we want is a service that delivers good quality, but instead we’re tied up in this public/private ownership landslide.

Makes sense! Thanks for explaining so clearly

He will be claiming to have reduced the inflation in the US and the EU next.

I love how you’re videos make all this finance jargon so much easier to understand ❤

Great video as always, you explain things really well

Great video. Thank you

I bet Rishi will be happy not having to slum it in No10

Great analysis and breakdown - thank you. Hope you enjoyed the day out with mumsy

GaryEconomics explored this-as well🤠

Well done Steve Bray!

Nice summary.cheers

Thanks for talking about this, appreciate your honesty and thoughts on the current climate. Would you consider doing an a video on impact investing, ethical investing?

Many thanks for your insight.

Great summary!

Great summary Damien!

Great video as always!

Spot on once more Damien 👏👏👏

i cant wait to see sasha go mental over this 🤣

In blackpool the sun salon is called a 'grow'. We had one in the street and they cut the power for six hours when they worked out they where bypassing the electic meter.

Top quality content again, wouldn’t expect anything else.

Thanks Damien

Damo - would appreciate your thoughts/video on if there is a risk of an index fund bubble. Are they artificially inflating rhe prices of the big companies like Microsoft, apple etc?

The thing that I think you should have commented on is on how interest rates are increasing inflation by increasing mortgages, they won't cut rates because inflation is high but the rates are the reason why mortgages are higher.

Well said, Damien 👏 👏 👏

I just hate blatant incompetence and misleading lies. You said it best mate

Class video as always Damian! Would love to see a video on the potential financial implications of the general election coming up and what could change if each party is voted in

Great as always, give us a shout when sun beds free

Great video 👍

The government are telling me life is getting better !! Unfortunately it just doesn’t feel like that in real life

I am absolutely fed up with all the rubbish that the Conservative Tories expect us to believe.We have all had enough of austerity and the suffering that it is causing everyone especially those at the bottom. Our Country is wrecked we are like a 3rd world country. Proof if ever we needed it that rich people who have never had to do without anything in their entitled lives, have the audacity to act like they understand how difficult life is for regular people. Thank You Damien for telling us the truth. I appreciate all the hard work that goes into the making of these videos. Well done for treating your mother and respecting and showing her love. This world needs more people like you❤

Amazing thanks

Great content as usual. I was wondering as of why Rishi would suddenly call an election...

Great to see someone else pays attention to what’s really going on. Great channel Damien, keep up the good work. It boils my p1ss to see Sunak and Hunt claiming credit for things they have absolutely no influence over.

Do you think remortgaging for a fixed rate now or wait and take the SVR for a few months in the hope for reduced rates?

Great video

sooooo inflation is at 2 percent? why my bills gone up and my food gone up 100s of percent????fuel keeps rising too? all aload of shit

Do you have any recommendations for dividend funds?

Thank you Damien for always presenting the truth, unlike our politicians.

Damien, you are a legend mate. I only found you a week ago and have learned so much!! Why does Rishy want to ban smoking when alcohol causes more damage then return, no?

is CPIH and RPI the same?

The real TOTAL rates of inflation should include ALL aspects of prices & costs that affect people. The asset prices of the rich (the 0.1%) have been deliberately excluded to hide the effects of QE (the legalised counterfeiting of our Fiat currency). So what should be included? Stock markets prices, Bond prices (corporate & treasury), house & rental prices. The inflation figures that successive western governments have been publishing are false, with sensitive other aspects deliberately screened out. This has not been called out by the financial media, who should be qualified to expose this misinformation scam. So the financial media are complicit. Sorry for the rant, but this really annoys me.

Great video as ever bud

Thanks Damien, another rocking video! 👍😀 PS can I book in for a sun tan session in the Damien Sizzle Shack shed please? 😉😂

Thanks for calmly explaining. I just need the swearing version from Sasha 😂😂😂

I appreciate your opinion, however if you want to focus on the H, (which I totally agree with) than you should also focus on food and power that together make up the core of day to day living expenses. Thanks for another great video!

Damo, you never disappoint! Speaking of elections, I realise you focus mainly on financial aspects of things, but is it too much to ask for a presentation of political parties and potential changes that might come when they come to power? You always present facts after thorough research and in a non-biased way I found, so I trust you'd do an amazing job!

Was waiting for this video Damien I bloody love the Tories taking credit for doing…..absolutely nothing!

Labour keep saying "it's time for change" but changing just the party in power does not solve any issues. If you want a change then don't vote Lib/Lab/Con, vote for some other party as a massive f*ck you to the mainstream ones. Really what we need is a complete overhaul of our politics and while we're stuck in the Tory/Labour cycle nothing will ever change. That doesn't mean anyone else will do a good job either (they absolutely won't) but sending a message is perhaps the best course of action.

Gotta hand it to Rishi. He has single-handedly brought down inflation in all developed nations globally.

How on earth did you film this so quickly witj great edits

Service based inflation on the up… has this got anything to do with near everyone I know having bumper pay rises… to pay for the now astronomic mortgages they have?

Hit the nail on the head. The conservative government think the electorate are stupid.

cpi includes services inflation, which is mainly behind wage growth, too low service inflation can result in weak business viability and investment reduction, its a tricky balance

Giving the people what they want! I was shaking like a heroin addict waiting for his fix at 6pm yesterday refreshing my subscriptions page every few seconds. Cheers mate, insightful as always. You really give food for thought whilst presenting in a clear and digestible manner

The USA electricity prices are 7.2p a KWH. Switzerland is 11p. The UK is 18.6p. How can our industry compete with those places when it comes to manufacturing. They need to stop government meddling with energy. They are the reason we pay so much and that would help inflation.

What are your sunbed rates? I've the complexion of a ghost, so could do with a tan

Damien sorry but can you make a video about how you pronounce the letter H? I just don't understand...

My pocket doesn't feel any fuller.

Sorry to go off topic but I've been stunned by my apparent lack of understanding ISA rules... I just transferred cash from my Interactive Investor stocks and shares ISA to my Trading212 stocks and shares ISA and the amount has been deducted from my annual allowance. I thought that if you transferred then it stayed within the ISA wrapper?? Or does this just apply to transferring actual shares from on ISA to another and not to cash? Very confused! I asked their chat bot about it and it confirmed it was treated as new money.

Rents are in green, not yellow, but great video! Thanks Damien! :)

Prices won't come down.

Damien Talks Sense

Average 2% across 100 years. So underreported deflation needed.

I really don't understand the base rates and housing...Can somebody explain it to me, genuinely? If interest rates are high then that feeds into mortgage costs, which will feed into renting likewise, which will add to housing inflation, which will then need interest rates to go up or at least remain high, evidently, but that will simply add more inflation, won't it? When housing costs are so much of inflation, I don't see how increasing interest rates is an effective tool to manage inflation... Similarly surely a great way to remove housing inflation is to reduce the base rate. What am I missing?

So from what I understand the BoE is not reducing interest rates as they know inflation will increase again in the near future?

Great video as usual Damo. I’ve been trying to explain to people all week that the CPI figure is the ‘this looks good’ number, and doesn’t tell the whole story. Nobody listens so it’s nice to have a comments section full of like minded people! 😂

This is the best analysis I’ve heard about why he’s not done this in November! I’m sure it’s a multifaceted decision but no doubt using this figure given the financial focus of Rishi’s mind this is a large one.

Since Brexit in 2016, and for years before in fact, our inflation tracks EU inflation closely. It proves the power of corporations to manipulate all our domestic markets. The government permits it

Almost there though.

They only way I know if there doing a good job when the beer becomes £2.40 again lol

The pound is worth buggar all, the value frittered away by the Central Bank and government over the years.

Maybe I"m being pedantic and it could be the colour shift of the image, but Damien you might have a bit of blue colourblindness. Rents is more green than yellow in the graph. Unless you consider that shade of greenish ...to be yellow...since it's not as green as the council tax then maybe. I actually got confused for a second when you said yellow. the graphs colours are mostly on the blue tinted scale. Like I said....i'm being a bit pedantic. Don't mind me too much.

If inflation has turned to normal let’s see the Bank of England return rates to “normal” yeah didn’t think so…

Energy may have come down 7%due to warm weather and summer coming but it’s due to go up 12% in winter

What is the long term average of inflation? Trading economics reported that the long term inflation fate from 1951 to 2024 is 4.89%. The idea you can artificially keep inflation between 2-3% and not allow wages to rise at the rate of inflation reduces peoples standard of living and induces a recession.

Another excellent video explaining in terms the average person can understand, why none of us 'feel' our living costs are back to normal. Hope you had a great time away with your mum. Keep up the brilliant work.

Do you think there is an angle that Gov are telling the public inflation is back to normal to try and break the service/wage inflation spiral. If the public believe it is settling then the drive to seek pay rises should reduce which in turn reduces the associated inflation?

Sunak and his shiny suit reminds me of Jimmy Wah in Good Morning Vietnam. He probably wants a poster of Walter Brennan naked too.

Great take on this Damien. Lets hope things can only get better and the Tories take a nose dive for at least a decade. Im not crazy over Starmer though!🤔

You said it yourself, housing will come down when the rates are cut. So doesn't that mean that the higher rates are driving the CPI(+h) inflation?

The trouble is interest rates are a poor tool for controlling inflation without killing an anaemic economy….

I like your inflation videos but the illegal sunbed racket has given me ideas 😂

They seem to raise or lower Inflation to suit them selves, prices in shops are NOT coming down!

What's your thoughts on shipping container costs increasing? I bet that will lead to an increase in inflation (but only after the election is over of course). Ps don't forget to apply the SPF50 before utilising the sunbed in the sheds mate 😉