The two nations of inflation
Telegraph | Business | Official: inflation figure isn't trusted
The Government's top statistician has conceded that many people do not believe that official inflation figures reflect recent sharp rises in the cost of living.
The Office for National Statistics is launching a "personal inflation calculator" to help individual households calculate how fast their own cost of living is rising. It hopes the calculator will help people understand inflation better and counter an increasing lack of trust in government statistics. The ONS hopes that the calculator will help people understand the balance between rapidly rising costs like energy bills and council tax and the falling cost of items such as electronic goods and clothes....
For some pensioners, rising council tax and utility bills have contributed to an annual rate of more than 9pc, compared with a 2.7pc rise in the Government's headline consumer prices index.
Two nations? Public sector inflation is running rife, private sector is negative. Poor bloody pensioners are caught in the middle
