Comments: The writing is on the wall as inflation surges

So I just tried out the personal inflation calculator on the ONS site and came up with a personal inflation figure of 2.4% for November, vs. 3.9% for RPI. It was kind of fun, in a geeky sort of way, though I noticed one peculiarity. If you enter any expenses related to fuel for transport, then it automatically estimates what you spent on vehicle purchase based on the national average, rather than allowing you to enter that figure directly. This assumption alone, which was not very accurate, seemed to account for about 1/3 of the difference between my rate of inflation and the national rate.

Posted by RichB at January 15, 2007 08:34 AM

Very interesting - and you've disproved my expectation that everybody would find themselves above the official inflation rate. All other contributions gratefully received. I'll try mine later.

Posted by David Smith at January 15, 2007 08:55 AM

Got my work colleagues (7 of us) to try the calculator. We all live differently so thought it might be interesting.

We all came out higher than current CPI (3.0%).
Lowest was 4.2%, highest was 7.5%

Nu Labour are making us poorer!

Posted by Rev at January 16, 2007 02:49 PM