True rate of inflation?
Published on 21st February 2008 in Letters
Sir - Inflation is 2.2 per cent? Who do they think they're kidding?
I have done the sums on what I regularly purchase at the supermarket, my electric and heating costs and what I spend at the petrol pump.
My calculations over the last months show the figure to be between 8 and 9 per cent.
Of course, it is in the Government's interest to have us believe the published figure as such things as benefit payments and state pensions level increases are based on the rate of inflation.
They wouldn't try to mislead us, would they?
John Jackson
Adlingfleet
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