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If the government want to continue usign the CPI as their measure for the rate of inflation in this country, then they need to either expand or update the basket of goods that they judge it by. Sounding like bloody idiots otherwise, whether it be politicians or economists trotting out the line that it is only at 2.whatever percent.
If you take something like wheat the rise in the prices is down to environmental factors. I heard an analyst say that it could take 12 months or more to work its way out of the system so to speak.
Besides Britons can more easily absorb rises in the cost of food, they were relaitvely low already in some areas. Places like Haiti, Nigeria, Egypt, Indonesia, they have all seen riots. The Bangladeshi government has intervened to provide rice to its citizens at a mroe acceptable price as have others.
We however have felt the pinch most acutely as goes things like utilites for one [Not that you need em to tell you that i am sure]. Then travelling/holidays thanks to the weakness of the Pound against the Euro. Petrol as has already been mentioned and so on.
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