Anatole Kaletsky writes in The Times on how class makes a difference to your inflation rate:
Rich people spend much more on expensive services such as private education, entertainment and health than the poor, who spend most of their money on food, clothes and other essential goods. This means that inflation tends to be higher for the rich than it is for the poor. In other words being rich has never been so expensive. Conversely, it has been getting cheaper to be poor.
A measure, really of the growing inequality in British (and other) societies.
And the trend is even worse, in that inflation in essentials, as Kaletsky says, has started to rise, which is going to hit the poor hard.
About
One comment