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Showing posts from April 30, 2011

Penguin Skip

"Skip to my lou." http://vistacomputersolutions.blogspot.com/ . . . . . . . . . . . . . . . . . . Funny Animal Photos

The Government Should Publish the Real CPI Figure

It is about time the Government informed the public about the true rate of inflation and increased payments to those who are entitled to it. Okay, unemployment is low but those living in rural areas depend on it to survive. They can continue to to rely on the unemployment benefit, or they can move to the city. That is the last thing we want - more people living in the major coastal cities. The problem is that non-essentials are included in the CPI. This offsets the real inflationary increase in the necessities of life. Many do not know that essential goods have increased by a massive 8 per cent over the past year. The high dollar is "hiding" this by making imported non-essentials cheaper. Prices of such goods have actually fallen. Those on low incomes spend a higher proportion of their income on essentials like food, electricity, water, fuel and rent. Oddly, interest rates are not in the CPI package. Curiously, it was taken out in 1998. In other words both politica...