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Thread: Train strikes

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  1. #1

    Re: Train strikes

    Quote Originally Posted by DryCleaning View Post
    CPI and RPI both include the costs you have referred to. The main difference between them is the cost of mortgages, which are included in RPI but not CPI.

    Inflation is nowhere near 20%, but give it time and the way things are going
    I'm curious about the weighting of this as fuel has gone up by at least 30% over the past 12 months, electric and gas has basically doubled. These aren't like cars, these are things people have to spend money on now.

  2. #2

    Re: Train strikes

    Quote Originally Posted by Doucas View Post
    I'm curious about the weighting of this as fuel has gone up by at least 30% over the past 12 months, electric and gas has basically doubled. These aren't like cars, these are things people have to spend money on now.
    There are something like 100 of the most common items in both CPI and RPI calculations, and whilst some might be rising in price, others might be falling or remaining the same. Inflation is a weighted average of the price rises of everything put together. It is also the weighted average for the average person. so whilst the cost of nappies or iPhones may be included, these probably aren't relevant for pensioners.

    Also, rent is included in RPI and CPI.

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