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It's more nuanced in the UK too, the headline figure is calculated on a "basket" of goods each of which might change in price individually. I didn't find the ex
by smcl 4y ago
It's more nuanced in the UK too, the headline figure is calculated on a "basket" of goods each of which might change in price individually. I didn't find the exact contents and weightings, but there's an article on it here with a little widget that highlights some of the changes at various points in last ~100 years: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/whatsinthebasketofgoods70yearsofshoppinghistory/2016-07-21 https://www.ons.gov.uk/economy/inflationandpriceindices/arti...