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Old 07-02-2011, 21:42   #80
Chrysalis
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Join Date: Sep 2003
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Re: 'Shock' Contraction in the UK economy

I use that term because I believe official inflation figures to be below real inflation, the first reason for that is there is a 2nd inflation figure which is higher which includes housing costs, so wage increases are based on a inflation figure that excludes housing costs, the 2nd reason is the games played to shuffle goods around in the algorithm so things that go up a lot in price arent used so the official inflation appears lower.
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