RPI adjusted...
Discussion
mondeoman said:
oyster said:
Take the average household with a take-home income of about £2,500 pcm.
Food: £500
Fuel: £200
Utilities £150
Much less than half of income.
ermm average salary is only £24k, which makes average income c£1500, even with other allowances, unless you assume that the average household has two adults working, both on average wage.Food: £500
Fuel: £200
Utilities £150
Much less than half of income.
If you include iPads because people spend money on them, then you HAVE to include housing. Average rent say £600 pcm for a 3 bed, add food, energy, council tax, utilities and that £1500 very soon disappears, leaving iPad and other consumer electronics spend only on the never-never.
But what is inflation on rent?
On council tax?
You are merely validating my point - that inflation should cover EVERY item of expenditure, not just food, petrol and electricity.
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