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SarahBell

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.

Fuel

Alcohol

Chocolate

Tobacco

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

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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.

Why?

If luxury items increase in price that's still part of inflation. People spend money on those things!

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Why?

If luxury items increase in price that's still part of inflation. People spend money on those things!

The substitution principle in CPI means inflation targets are a survival index more than an inflation index.

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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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Vat is added to "luxury" items...

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

That would include Gold then. Does anyone know whether precious metals are included in CPI/RPI at the moment?

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That would include Gold then. Does anyone know whether precious metals are included in CPI/RPI at the moment?

Jewellery is included. Gold per se is an investment not a consumer purchase and so is not included.

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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.

52p this morning. :ph34r:

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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.

62p FOR MASHED UP **** OF PIG WITH A DASH OF ANUS!!! YUK :lol::lol::lol:

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  • 284 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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