As mentioned numerous times before, inflation is in serious danger of getting out of control, today the BBC have an article about Merv saying inflation will probably be above the government target for a couple of years.
But it's more severe than this. Have you considered that the government's official index of inflation, CPI (3%), may not be a true measure of inflation? It's conveniently lower than it's predecessor the RPI (4.2%), convenient because it lets the government get away with creating more money, thus creating the ILLUSION of wealth. But the RPI is probably cobblers as well....
Where can we turn? Well there are other, private, indexes out there. The index is just a "basket" of goods. From memory, Barclays have one where the basket contains stuff rich people buy, this was running at around 9% last time I checked. Fool.co.uk, the finance website, also have one, it's running at 8%.
http://poppycock.blog.co.uk/
2008-05-14 @ 16:26