Sunday, May 20, 2007
What's left out 'the basket' is highly relevant
Firstrung: Headline inflation rate only includes 70% of goods and services
The Government's headline inflation rate only includes 70% of goods and services in the average shopping basket, according to figures released by Alliance Trust Research Centre...In its ongoing study of inflation, the Research Centre has already found that the relevance of headline CPI varies greatly depending on consumers' ages.
Posted by converted lurker @ 11:30 AM (188 views) Add Comment
3 Comments
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1. paul said...
Everyone who goes and tries out the ONS's inflation calculator finds that their personal level of inflation is higher than the official rate.
Funny that, isn't it?
2. enuii said...
The majority of citizens in this country are getting poorer though many don't realise it when they are dazzled by artificial property wealth. Unfortunately when you add up all the little factors such as the price of somewhere to live, the fact that you need 2 wages, stealth taxes, pension raids, council tax, low pay rises, fiddled inflation figures etc, you soon realise that many will not enjoy the standard of living their parents did.
3. sirgoogle said...
Enuii
Unfortunately most of the British Public cannot see beyond the end of their own noses or plan further than the next summer holiday. Quite frankly - the majority are .... thick. ... or perhaps .....Golgafrinchan telephone sanitisers, hairdressers etc