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Personal Inflation
planemad
Posts: 569 Forumite
I saw the figures for inflation today at 3.3%, I know that there are lots of ways of working out inflation but this figure must not be very accurate.
I live a very modest life with my wife, we both work with no children we have one car and live in a one bed flat.
we have no debt to our name.
Our personal inflation rate is nearly 14% from this time last year.
So where do they get 3.3% from? :T:T
I live a very modest life with my wife, we both work with no children we have one car and live in a one bed flat.
we have no debt to our name.
Our personal inflation rate is nearly 14% from this time last year.
So where do they get 3.3% from? :T:T
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Comments
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Yes its laughable that they come up with figures like that,really far removed from the true inflation felt by us all.As far as I know the CPI doesnt include food and energy prices.Will our annual raises reflect this increased inflation?Doubt it.0
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Ive never actually looked too hard at how theywork out the headline number, but if you read through this they are aware that there are a lot of things rising well above 3.3%
http://forexfactory.com/news.php?do=news&id=92035Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
They spoke about this on radio today and mentioned things like soft furnishings and plasma TVs that may have fallen in price and will average out the headline figure.Mortgage when started October 2011 : £94,134
Total mortgage balance Mar 2016 [STRIKE]£78,417[/STRIKE] [STRIKE]£77,523[/STRIKE] [STRIKE]£76,181[/STRIKE] £72,001
Offset Saver account Mar 2016 [STRIKE]£45,238[/STRIKE] [STRIKE]£45,666[/STRIKE] [STRIKE]£47,593[/STRIKE] £52,093
Mortgage paying interest on Mar 2016 [STRIKE]£33,179[/STRIKE] [STRIKE]£31,859[/STRIKE] [STRIKE]£28,588[/STRIKE] £19,9070 -
Does this help at all?"The trouble with quotations on the Internet is that you never know whether they are genuine" - Charles Dickens0
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