On the idiot box last night there was a story which showed Groceries had gone up 8.25%, fuel 7% and various other everyday consumer items all greater than 5%. I am curious as to what the government base their inflation rates on? Perhaps houses that have declined up to 25% in the past 6-12 months give us an average of 4% inflation when added to those above, when the actual cost to live everyday has gone up much much more than 4%.
Anyone got figure on the actual increase in the cost of living rather than amortised across a whole bunch of stuff that people don't buy everyday?
Cheers
CB