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Friday, 4 January 2008



Story in the Independent (late Dec) - Inflation remains at 2.1% in November
Story in the Evening Standard (early Jan) - Millions looking at fuel inflation of 17%
Train tickets on average up 4.1%
Private sector wage settlements are coming in at 4%

The old RPI is coming in at 4.3% but the CPI only records inflation at 2.1%.

Wonder why they switched in 2003, when the Bank of England was told to target the consumer prices index - excluding all owner-occupied housing costs?

What's that quote about statistics?

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