What is the point of having a target of you continually fail to take action to hit the target?

Chris, Oxford,

1. 50% don't own their home
2. The inflation target cannot include mortgages (and CPI doesn't)
3. Healthy house deposit = 25%
4. Therefore include 12.5% of house price in CPI (50%*25%)
5. Tax neutral stamp duty change - make it progressive
6. BoE buys mortage if bank funds house building
Done!

Mark, London, UK

Fuel & food price rises are coming from external factors beyond our control but will feed through the economy in a year to 18 months. Everything else, including house prices & high street retail are already suffering rapid DEFLATION. Raising interest rates now will turn recession into depression.MAD

Jonathan, Birmingham, UK

Rigidly adhering to the 2% CPI inflation target in previous years caused interest rates to stay too low. Now when it is vital that interest rates go up the 2% CPI inflation rate is ignored. What is the MPC doing? The longer they leave this decision the worse the problem will become.

Simon, London, UK

Is that with or without including house price inflation?

Its not all doom and gloom - the latter is finally being addressed despite the fact it doesn't get acknowledged.

Joe, Manchester,

Shameful that the UK government has missed a golden opportunity to power the economy therough this problem by lowering petrol taxes.The loss of revenue would be more than made up for by economic growth. Instead they do nothing and lose tax revenue due to recession. Lobby your MP; use small words.

Scot Danner, Dubai, UAE

The general rate of inflation is significantly influenced by changes in oil prices. Some experts predict that oil could rise to $200 per barrel by the end of the year; others see it falllig to below $90. Yes there will be problems at $200 per barrell but surely not at $90 per barrell.

Chris Berry, Clitheroe, England

Surely it would be easier, and quicker, to throw a dice.

ronnie, bucks, UK

Food, Electricity and Gas, things that all of us need or use. The price of these commodities goes up, and there`s mass grumbling.
Houses, we all need a roof over our heads. The price of property goes up, year after year, and there`s hardly a complaint (apart from FTB`s), until prices start to fall.

Andrew, Birmingham, West Midlands

The CPI target is clearly a lie and neither the Government or the BOE MPC have any plans to adhere to it.
Rates should be rising .. This is not going to cause a recession, as Britain already has one .. but to leave your inflation target in tatters will only extend the recession.

Joe, Geelong, VIC Australia

Perhaps they can replace CPI with some other made up number that relates to nothing real how about gordons hat size.

Mitch, Wolverhampton, England

Surely the BoE can manipulate this figure downwards by lowering the weighting given to electricity and gas, luxuries that they are, in favour of DVDs and ipods.

Paul, Coventry,