By Stephen Pollard
May 16, 2007
A truly bizarre story in the Telegraph:
Many families are experiencing inflation of more than twice the official rate published by the Government, according to figures produced for The Daily Telegraph by Capital Economics.
There is a massive disparity between the living costs experienced by different types of households, with pensioners and middle-class families facing price rises of more than 7pc, the figures show.
Er, yes. As Tim Worstall points out:
Bit of a shocker, eh?...The average inflation rate across the economy is, ermm, an average?