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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.

Fuel

Alcohol

Chocolate

Tobacco

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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  • 439 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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