Jimmie wrote:
Claudio wrote:
So how do the geniuses at Mansized measure inflation?
By the simple observation that the cost of essential items go up on an almost daily basis.
Fuel
Vehicle expenses
Heating costs
Food
Mortgages
Council tax
The fact that luxury items come down in price is of no relevance; by definition, we can do without them.
And you know that quote about statistics ;-)
But as so many people seem to be posting about which widescreen TV to buy, how quickly they bought GTA, which new car to get - they hardly seem that bothered by prices.
"Simple observation" often means "selective observation" - people notice something and extrapolate from that.
The true British disease - whining about everything.
