Under the headline ‘The Real Rate of Inflation’, The Daily Mail launches its new Cost of Living Index. The idea is to show that the Consumer Price Index’s 2.5 percent rate does not reflect the actual cost of living.
The Mail finds that the price of food is up 15.5 percent, with the price of tea bags up by two-thirds for some reason. People’s gas and electricity bills are up by 12.5 and 12.9 percent respectively. Indeed, the only things that seem to be going down in price are booze and broadband.
For more on inflation see Brownie No. 1