Inflation in their hands.

[Fittster]

"Each year the Retail Prices Index and the Consumer Prices Index are given a spring clean, to ensure that they truly represents what the country is buying and consuming. Anything that has proved particular popular in the last year – racking up sales of about £400 million enters the list of 650 products and services. Items that have fallen out of favour with consumers are quietly dropped.

...

the most modern innovation to make the basket of goods is the fee charged by internet dating agencies."


FFS, so the future of the economy is in the hands of the people that post on the Match.com, as a nation we are now beyond hope....

[Legend83]

Smartphones added too apparently.

[F i F]

AS we know they have fiddled this for years.

Any product which is mature and at the bottom of the price cycle is dropped.
Any new product and at an early stage of the price cycle is brought in.

Thus these things which reduce in price offsets the rampant inflation on staples for example. They think we are stupid and maybe we are.

[ewenm]

I still think there should be a third inflation measure, restricted to essentials, so

• food
• fuel
• rent/mortgage

[_Batty_]

ewenm said:

I still think there should be a third inflation measure, restricted to essentials, so

• food
• fuel
• rent/mortgage

10% would be hard to swallow though...

[F i F]

_Batty_ said:

ewenm said:

I still think there should be a third inflation measure, restricted to essentials, so

• food
• fuel
• rent/mortgage

10% would be hard to swallow though...

But it is what it is, why try and hide the real inflation that the population is facing by assuming we all buy Blu-Ray players every week, or even every month, or even every year?

The data is already there, it's just a matter of presenting various meaningful subsets of it, however the way it has been done for years ends up with the public mistrusting other Govt figures and information.

I know that the argument is that this information is independant and objective and not subject to Ministerial influence. Yeah right, believe that if you want to.

[oyster]

_Batty_ said:

ewenm said:

I still think there should be a third inflation measure, restricted to essentials, so

• food
• fuel
• rent/mortgage

10% would be hard to swallow though...

But why is that relevant?
IIR as a nation we spend more on leisure than we do on food.

[ewenm]

oyster said:

_Batty_ said:

ewenm said:

I still think there should be a third inflation measure, restricted to essentials, so

• food
• fuel
• rent/mortgage

10% would be hard to swallow though...

But why is that relevant?
IIR as a nation we spend more on leisure than we do on food.

By choice. There are some things you can't cut back on when cash is tight, when you take a pay cut or lose your job - I'd say that was the most important measure of inflation during a recession.

[Digga]

ewenm said:

oyster said:

_Batty_ said:

ewenm said:

I still think there should be a third inflation measure, restricted to essentials, so

• food
• fuel
• rent/mortgage

10% would be hard to swallow though...

But why is that relevant?
IIR as a nation we spend more on leisure than we do on food.

By choice. There are some things you can't cut back on when cash is tight, when you take a pay cut or lose your job - I'd say that was the most important measure of inflation during a recession.

Plus, the lower your income, the less you'll be spending on leisure, so the fewer 'unnecessaries' you can throw overboard, when times get tough.

[pilchardthecat]

F i F said:

AS we know they have fiddled this for years.

Any product which is mature and at the bottom of the price cycle is dropped.
Any new product and at an early stage of the price cycle is brought in.

Thus these things which reduce in price offsets the rampant inflation on staples for example. They think we are stupid and maybe we are.

Think how stupid the average person is, and then consider that half the population is more stupid than that

[DonkeyApple]

Fittster said:

"Each year the Retail Prices Index and the Consumer Prices Index are given a spring clean, to ensure that they truly represents what the country is buying and consuming. Anything that has proved particular popular in the last year – racking up sales of about £400 million enters the list of 650 products and services. Items that have fallen out of favour with consumers are quietly dropped.

...

the most modern innovation to make the basket of goods is the fee charged by internet dating agencies."


FFS, so the future of the economy is in the hands of the people that post on the Match.com, as a nation we are now beyond hope....

This country has always been in the hands of people who have to pay money to get laid.