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True inflation rate

MouldyOldDough
Posts: 2,565 Forumite

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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Comments
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The published figures are, of course, only an average. It's inevitable that some will be higher than that and some lower. Nonetheless, your figure of 100% does sound rather high to me: I assume that it's hyperbole. Or have you actually done the maths?I've just used an online calculator that I found here. This says that mine is 24.5%. I'm a bit surprised by that, since there's no mortgage or rent in there (I paid my mortgage off several years ago). I'd been assuming that mine was about average: it's high enough to be noticeable, but (fortunately) not at the point where I have to make difficult decisions.
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The CPI is about 10% which is a new measure from late 80s ....the RPI is about 13% which was an earlier measure...unless I have it wrong way round....yes I reckon my personal inflation rate is probably in late teens1
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No checked on calculator ...nearer 29 %1
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TVs and some other electrical products are down in price, but I agree that real inflation is higher than stated.
Rice pudding is now 25p per tin, up from 20p many months ago.1 -
I have entered many zeros into the calculator: no restaurants, holidays, hotels, alcohol, or tobacco. But my inflation rate comes out at 29%. Our household expenditure must be focused on the more inflationary items.I have osteoarthritis in my hands so I speak my messages into a microphone using Dragon. Some people make "typos" but I often make "speakos".0
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daz378 said:The CPI is about 10% which is a new measure from late 80s ....the RPI is about 13% which was an earlier measure...unless I have it wrong way round....Yes, you're pretty much right.RPI = 12.3%CPIH = 8.6%CPI = 9.9%All figures are for August 2022, which is the most recent published data, and are taken from the ONS web site.1
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Sterlingtimes said:I have entered many zeros into the calculator: no restaurants, holidays, hotels, alcohol, or tobacco. But my inflation rate comes out at 29%. Our household expenditure must be focused on the more inflationary items.
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.
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42% - but even that appears too low in the real world!1
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MouldyOldDough said:42% - but even that appears too low in the real world!
Because you notice the things that increase significantly but don't notice those that don't?
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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.
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.
I have osteoarthritis in my hands so I speak my messages into a microphone using Dragon. Some people make "typos" but I often make "speakos".2
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