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CPI falls to 2.5%, RPI falls to 2.9%
Comments
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"Personal inflation" calculators have been around for ages & demonstrate this admirably. .
I just filled in the BBC one online, and got a result of 3%.
But then again, tobacco and alcohol form a significant part of my expenditure, and are not really "essential".
If I remove those two items, it's less than 1%.
Of course my disposable income has risen in the last year quite markedly, as I only spend a small fraction of my income on consumable goods, and got an above inflation pay rise.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
The 20,000 are selected to try to be representative of the country as a whole. .
Indeed.
The CPI/RPI are representative of the "average" person's inflation rate.
I really don't see why so many people think it would be appropriate to move to a measure that is not representative of what the average person spends.
If you're skint, and want to calculate your own personal inflation rate, there are plenty of calculators to do so...“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Loughton_Monkey wrote: »No it isn't. A consumption pattern is what the population buys "on average". No person 'regularly buys' it.
Depends on whether you are talking about an individual or a group of consumers.0 -
HAMISH_MCTAVISH wrote: »I just filled in the BBC one online, and got a result of 3%.
I am suprised, and a little pleased to say that my result was 2.1%. I'm not going to argue with the figure, because I suppose that the food that I regularly buy has not really changed in price much over the past 12 months. The booze I purchase has gone up a bit. Diesel might have been around the same price 12 months ago as it is now, but has certainly risen a fair bit over the past few weeks. Gas/Electricity - hard to say. Phone bill has risen by RPI (I think) recently.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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