Jump to content
House Price Crash Forum

Oh Dear . . . 2.8% . . .


Recommended Posts

I'm sure the weightings are perfectly accurate and also perfectly legal, but they don't represent the true picture.

They represent the actual spend ratios. E.g. if people spend a higher proportion of their total spend on petrol, its weighting will increase.

Both the CPI and RPI are an attempt to measure the changes in the cost of buying a representative basket of UK goods and services.

The methods used to calculate both indexes are similar. Each month thousands of prices for a selection of goods and services are analysed to check on any increases.

Some of the goods and services will carry a higher weighting, reflecting the fact that we spend more on some items than others.

Each year, the make-up of the "basket" of good and services, and the weightings assigned to them, are revised to take into account changes in spending patterns.

For example, in recent years people have tended to spend more of their money on electrical goods, travel and leisure, while the proportion they have spent on basic items such as food has fallen.

Link to comment
Share on other sites

  • Replies 181
  • Created
  • Last Reply

Top Posters In This Topic

Guest grumpy-old-man
Oi, Grumpy - did you get a set of those things for your birthday or something? :lol:

I know smilies annoy you.

humor.gif

edited - I think everything annoys you.

Edited by grumpy-old-man
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    No registered users viewing this page.





×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.