True inflation rate
in Over 50s MoneySaving
24 replies 1K views
Has anyone say down and worked out their own personal inflation rate ?
Mine must be over 100%
Every week, my wife comes back from shopping an d starts "Toilet rolls are now £12......."
"Baked beans are up 5p" ........"Cat food is up 10p"
I dont believe that it is only up 10% in a year
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Rice pudding is now 25p per tin, up from 20p many months ago.
Yes, like mine. My calculation appears to be similar to yours, except that I do enjoy malt whisky. I suspect that energy might be a significant factor in pushing our personal rates up: it certainly makes up a large proportion of my monthly spending, and it's increased dramatically over the last year.
Because you notice the things that increase significantly but don't notice those that don't?
My annual energy price without any government support would be £6,029. As a proportion of my State Pension, that would be £6,029 / £11,164 = 54%. I do have other pension income.
I have an ongoing project to automate the house to get some of these costs down.