Wednesday, May 14, 2008
How much longer can we be fooled by inflation figures?
Firstrung: Real consumer price index is closer to 8% - Fool.co.uk
The difference between the Consumer Prices Index (CPI) and the true rate of inflation means that for many people, household income lags behind personal inflation. Unless this is tackled, consumers will increasingly find they not only have less money to put away, but they will be forced to raid savings or turn to debt to make ends meet...
Posted by converted lurker @ 01:01 PM (389 views) Add Comment
3 Comments
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1. dohousescrashinthewoods said...
Interesting point: if the McBroone state needs consumer spending to power the "economy", then fudging inflation figures (so reducing disposable income) is a shot in the foot.
No wonder they've been yankdng the debt angle for a decade, but that's come to a halt now.
2. Retiredbanker said...
If you want to know the true inflation figure just watch the rises that MP's award themselves.
3. Adsey said...
Anyone know how are fool calculating inflation?