Shop Price 'Inflation' RISES

Generali

Rochdale_Pioneers wrote: »

lol - there are several of those already! The point I was making was that the sample basket of goods uses the same goods every week. Which means they are succeptable to the mult(iple grocer)s putting the prices on those up.

If you are not loyal to a particular brand or retailer then prices are still low for almost everything - buy when the product you want is on a deal and you're laughing. People like me invest vast amounts of cash on promotions with the aim of gettting people like you to switch brands or buy my brands more often. As a shopper I am a total !!!!! and buy whatever is on deal, and many products ONLY when on deal. Thats the way to shop these days - be a !!!!!.

The RPI has well known problems and you highlight several.

Others are the problems of substitution - if Own Brand butter goes up in price but Anchor is on a 2-for-1 then you'll switch brands; averaging - cigarettes are included in the RPI for example, heavy smokers and non-smokers will see their RPI misrepresented.

The RPI is a pretty good representation for inflation for all but the very old and very sick IMO.