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Inflation Measure


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Vat is added to "luxury" items...

so surely a real measure of inflation would be to have a basket of non-vated things.

there is not much that is not a "luxury" item

having it on VATable items shows what people ARE buying and how the price has changed.





are all "luxury" items, and its a large portion of what UK'er buy

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I'm a fan of the Greggs Sausage Roll Inflation Index (GSRI) for a true measure of inflation. :)

In 2002 they were 24p each. I bought one about a month ago and it was 62p.

Wish my salary had matched that.

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