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Thursday, 17 February 2011

Official statistics hide true increase in cost of living

http://www.guardian.co.uk/business/2011/feb/15/official-statistics-hide-severity-uk-inflation

I think there's some truth in that. certainly housing costs are huge, especially lower down the scale. But I wonder how much the general public are really a part of this debate. I mean, I don't sit down and compare my costs of living against the government's official measure then tut at key differences, and I'm the sort of person who would. So I wonder how much people care. I think people will care if inflation is said to be at 2% but felt inflation is up nearer 5%, for example. That would have me pissed off as all the policy decisions would be made with a 'never had it so good' time in mind when in fact times are tough.
Let's hope that doesn't happen, inflation is a worry for me, but then so are my low wages

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