Monday, Dec 18, 2006

Telegraph looks at the different measures of inflation

The Telegraph: It's hard to get the measure of inflation

There are as many ways of gauging inflation these days as there are of skinning the proverbial cat. Understanding the speed at which British prices are rising involves wading through an acronym soup of alternative definitions.

Posted by jellycaster @ 04:41 PM (491 views)
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4 Comments

1. talking rot said...

Ho-hum

A neat summary that scorns the Government's CPI rate and reports RPI as being high. Could this lead to higher interest rates - well, the majority of people questioned believed it would.

Brown's economy is like the window in my back door. Each time it bangs in the wind, tiny cracks become larger. Sooner or later it will shatter completely. Then my Landlord can come and fix it or I'll threaten to leave again.

Monday, December 18, 2006 05:25PM Report Comment
 

2. Shanghaitim said...

It's a good little graph in the article (Tory-graph bias notwithstanding), particularly seeing the breakdown of what's making the RPI so large (fuel). Although the picture of Teacher's Whisky and Tropicana orange juice next to Scampi and a ready-meal in the shopping basket made me smile!

Tuesday, December 19, 2006 07:39AM Report Comment
 

3. george monsoon said...

The article mentions that the gap between the CPI and the RPI is growing? surely a sign that the CPI is inacurate and by design, plays down real inflationary figures. I also like this bit ... . . . . .

"While ministers play down the RPI, we punters are not so easily fooled. That's why this superior inflation measure is used in most pay negotiations"

Tuesday, December 19, 2006 08:41AM Report Comment
 

4. paul said...

TR,

So let's get this straight. Each time Mr Brown bangs your backdoor, your crack gets a little larger? Is that what you are trying to say?

That's disgusting.

(*snigger*)

Tuesday, December 19, 2006 12:54PM Report Comment
 

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