I’ve not really been checking the recent ‘inflation’ figures – mainly because stuff like that is totally useless info’ if you just want to pull a quid and buy a loaf.
But anyway I trot off to erm…well…the beeb website I thought initially ( 
)
Yes, there was a piece on ‘inflation’.
Apparently there are TWO types of inflation:
1) the consumer prices index. Now this little widget tells me that due to the recent VAT increase and petrol price hikes – the cpi inflation figure is currently 3.5% – a pretty swift rise it says. OK.
2) the retail price index. Totally different thing (honest?!?). This gizmo (rpi) takes into account house costs and prices and therefore gives an up-to-date inflation figure of….3.7%! (Wow! Ureka moments abound!)
I am also informed that because the rise in inflation tops a certain percentage the governor of the bank of England must write a letter to the chancellor explaining why.
Oooooh! Major probo there eh? Why? Mmmm….erm, why?
Well, here’s a teeny-weeny clue, or two, guys – if VAT rises it should actually LOWER inflation. Got that? Ditto petrol tax-hikes…. (wot????) But, the price of the stamp the governor will need IS inflationary!
MY letter (download – we’re very green here – don’t chop down trees!) entitled : ‘Inflation – How To Pump-Up a Tyred Economy’ is currently for sale at £2,500.00p
I recommend a copy for each m.p., m.e.p., councilor and every public-sector employee, Private Sector Worker, everyone in fact…:)
(Well, Barclays have pulled £11.6 BILLION in profit……..I want a few quid!)