Prices are rising fast but official index misleads
Inflation is rising fast, but the Government and the supermarkets would have us believe that prices are not soaring above earnings. Experts tell us we are mistaken when we think our weekly shop is more expensive. Today we are told that prices in the newly configured inflation basket have increased by 2.3% year on year. That is according to the official consumer price index invented a few years ago and according to the new CPIH index that includes the economists’ take on the cost of owning a home unveiled today was also exactly the same as the CPI, which does […]