Friday, Jun 13, 2008
I didn't exactly see my pay go up by this
Telegraph: The Real Cost of Living Index: 9.5 per cent The Real Cost of Living Index: 9.5 per cent
Rising food and fuel prices, as well as increased taxes and other household bills, mean the average family must cope with inflation that is twice as high as official estimates, according to new research by The Daily Telegraph and moneysupermarket.com, the price comparison website. Taking all these factors into account, the Real Cost of Living Index (RCLI) is rising at 9.5 per cent.
Posted by last_days_of_disco @ 09:09 PM (1567 views) Add Comment
8 Comments
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1. last_days_of_disco said...
Just this is enough to slaughter the middle class. Factor in the property crash and boom.
Must visit as many of my friends while they still have their nice houses, is going to be a lot less fun visiting them in a few months time in their new accommodation in the local sink estate. Really is the last days of disco! Lets have a last few good parties on the credit card, before it gets pulled, woohoo.
2. planning4acrash said...
Nonsense, the real cost of living is rising at close to 20%, the rate at which the BOE is printing and devaluing our currency. These measures look at prices in shops, they do not measure the extent to which our savings, assets, pensions, etc. are being devalued. They do not measure the astronomic rise in oil prices.
3. planning4acrash said...
Imagine, being in the Euro, at least the BOE pays some attention to British needs (not much, but more than the ECB would), just pity the poor Germans, with their economy held back, and the Spanish, obliterated by an overheated economy. A truly sorry affair. Basically a corporatist bank that sets rates for the benefit of bankers with no recourse whatsoever to the needs of the nations.
4. icarus said...
Pay settlements should be based on an index based on household expenditure, rather than on expenditure in general. The latter includes expenditure by companies and government agencies on items like transport, hotels, restaurants and corporate entertainment. If it were based on household expenditure alone the item "food and non-alcoholic beverages" would have a weighting close to 20% instead of 10-11%.
5. Maihem said...
> I didn't exactly see my pay go up by this
I did. hyper inflation here we come
6. Susan Kennedy said...
All the statistics say unemployment is up but when you look at the jobs posted online you have to think its 1999 all over again. 100K, 150K, and 250K jobs all over.
http://www.realmatch.com
http://www.simplyhired.com
http://www.monster.com
http://www.indeed.com
Its like how do I land one of these gigs?
7. David Hurst said...
My elderly parents (late 80s) keep meticulous records of their outgoings which at their age comprises non-discretionary essential items; council tax, utilities, food, house maintenance, insurance etc. They calculate that inflation, as it affects them, is around 11% which is close to the figure claimed in this article.
My father admitted that for the first time in his life he is worried about money and how he and my mother will survive this withering attack on their limited income.
8. last_days_of_disco said...
Still this is closer to reality than totally bogus CPI.