Polo08816
Well-Known Member
They adjust the "basket of goods" so you could be comparing apples to oranges at different points in time.Achieving around 2% for long periods is possible, indeed the US has managed it before and recently. Anywhere from 1% to 3% is fine.
You cannot correct for spikes with 0% or less as this is catastrophic. I'm afraid spikes are bad news and the impact always remains, you then get pressure on wages to increase too.
If you don't 'believe' your government figures it is a little odd as I assume, as in the UK, the calculation method is freely available. You might not like it but it doesn't mean the figure is wrong.
There's nothing wrong with being catastrophic. Sometimes you have to give people what they voted for.
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