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Inflation is measured by a basket of goods that are weighted by consumer expenditure on them. In short you can make your own index that measures changes in the
by dimitar 12y ago
Inflation is measured by a basket of goods that are weighted by consumer expenditure on them. In short you can make your own index that measures changes in the important for you prices - "yourflation", but that is not what inflation is and there is no conspiracy there.
In my country in addition to the headline CPI number there is another basket with items consumed by the poor and also a calculator on the website which helps you figure out your personal inflation by having you specify on what you spend your money on. You could try the BBC version for the UK: http://www.bbc.com/news/business-22523612 http://www.bbc.com/news/business-22523612