UK Politics
General Discussion for politics in the UK.
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[email protected] appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(
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It absolutely won't cost £22 quid, that's CPI adjusted of course if you read the comment you're referring to. But yes, in real terms (asking honestly do you know what that means? your comment seems pretty ill informed) food is cheaper. So are some other items like consumer electronics. On the other hand housing and utilities (you know the majority of a household's spending) has advanced well ahead of inflation. Hence "cost of living crisis" which maybe you think is imaginary.
Worse, while average earnings have outpaced inflation the bottom end of the distribution has accrued almost none of that benefit. Massive increases in inequality mean that while for the comparatively well off (and the very well off) things are mostly fine for a sizeable chunk of society life has been getting materially harder.
The post has links with 1977 prices adjusted to purchasing power as well - most things for cheaper. A lot cheaper.
Thanks for clarifying that you have absolutely no idea or interest in learning how inflation is calculated so I can safely ignore you.