Fancy that!
Patience Wheatcroft's Sunday Telegraph a few week's back:
Inflation is 10pc for middle class
The "real" rate of inflation hitting middle-class households is as high as 10 per cent - more than four times the Government's official rate, it is claimed
Study by PwC in the Guardian
John Hawksworth, the chief economist at PricewaterhouseCoopers, shows that the rise in general inflation caused by oil prices has primarily affected the poorest third of the population because they spend a greater proportion of their income on energy than the better off..."The tendency for the lowest income deciles to have higher CPI inflation rates has become more marked, with the poorest 20% of households facing an average inflation rate of around 2.8%, compared to the national average of 2.4% and the estimated rate of 2.1% for the richest 30% of households," says Mr Hawksworth.
posted by Matthew @ 9/07/2006 11:20:00 AM
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