> It does not have to be perfect to be meaningful. It is deceptive though, if this number is not representative of people's actual cost of living and it is the

> It does not have to be perfect to be meaningful. It is deceptive though, if this number is not representative of people's actual cost of living and it is then used to adjust their income for inflation. How clear is it that this basket really represents an average household (today)? Employer: "What do you mean, cost of living has gone up by 14%? Official inflation is 7%, but the best I can do this year is 3.5%." Politician: "Inflation is X every year, so we increase pensions by X% every three years."