Wednesday, Nov 01, 2006

Inflation figures are meaningless

The Daily Telegraph: King attacks inflation index for excluding housing boom

Inflation exists when prices, on average, are rising. Of course you have to decide first what items you include in that average. If the Bank of England Governor is complaining about the compilation of CPI then surely the City will start to suspect that government bonds at 4.75% are not adequately compensating them above real inflation.

Posted by ontheotherhand @ 09:10 AM (369 views)
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