Brownie No.1 – Inflation

“Inflation is only 2.1%, or as he will now say, only 2.2%. That is not what my groceries, fuel, energy, rail travel, council tax, water charges, insurance etc. etc. tell me.” – m

“I’ll go with inflation as well – surely there can’t be many people out there who find themselves buying household fuel, food or petrol, or paying mortgages and council tax, who seriously believe that the extra they are paying can realistically be offset by cheaper televisions and frocks from Tesco.” – Liz Upton

As CoffeeHousers ‘m’ and ‘Liz Upton’ indicate, inflation is perhaps the hardest to swallow of all the Government’s fiddled figures. As the nation shells out more than £1 a litre at the pumps and digests a 15% rise in bills, the Prime Minister tells us we’ve never had it so cheap. Or, to use his own words: 

“The difference between our country then and now is that inflation at that time was 10 per cent and the Conservatives could not reduce interest rates, whereas inflation at the moment is 2 per cent.