The true rate of inflation?

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Andy Hunt
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Joined: 24 Nov 2005, 11:09
Location: Bury, Lancashire, UK

Post by Andy Hunt »

More on the real inflation rate from the Daily Mail:

http://www.dailymail.co.uk/pages/live/a ... =1770&ct=5
The true, devastating scale of rising prices is revealed today - by the new Daily Mail Cost of Living Index.

It shows that families are having to find more than ?100 a month extra this year to cope with increases in the cost of food, heat, light and transport.

According to the Consumer Price Index, inflation is running at only 2.5 per cent.

Yet the Mail's index finds that food costs alone are rising at 15.5 per cent a year - more than six times the official rate.

And there are double-digit increases in other "must-pay" essentials such as petrol, gas and electricity.

Many families need to find more than ?1,200 extra a year just to stand still.

Once higher mortgage costs are added, millions are having to pay out at least another ?2,000 a year to keep their heads above water.
Andy Hunt
http://greencottage.burysolarclub.net
Eternal Sunshine wrote: I wouldn't want to worry you with the truth. :roll:
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