Wow - that's a bit of luck
You wait ages for a pair of rose-tinted inflation calculating spectacles and then two come along at once.
The Office for National Statistics has added ebooks to the basket of goods and services used to calculate Britian's rate of inflation, while Freeview boxes have been tipped out. The ONS said that ebooks were needed in the shopping basket that represents the Consumer Prices Index (CPI) and Retail Prices Index (RPI) in the UK, …
Makes you effing livid doesn't it? And the new products that are added are all currently at the beginning of their price curve. Expensive now - new to market. Becoming more popular, new players in market. Prices getting driven down. What a fantastic way of calculating inflation. Bastards. Who the hell does this sort of manipulation help anyway?
RPIJ - so that'll be J for 'Just joking'.
CPIH - H for "Has little bearing in truth".
Amazing how these newly developed statistical functions always fudge ... I mean "accurately reflect the actual rate of inflation" downwards ... I remember the days when we only had one rate of inflation but I think we've been Euro-crated since then ...
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