Andy_W
Well-known member
Yup, they paint 3% inflation as an achievement, when it's never an achievement when 2% is the target and we've had a couple of years above that.This is what really ***** me off about the way we report on things like inflation and wage rises etc. We should be using indexes and then things are easy to understand. Using %ages just gives them the opportunity to forget everything that has happened before the most recent published data. There is no context to "inflation has fallen to 3.2%". It's meaningless. Obviously they don't want things to be easy to understand because it suits them and their short term obfuscations.
An achievement would be reversing the inflation spike, but the chance of that happening is zero, going the way we are.
Even if we dropped to 1% inflation it would take about 10 years to average back out like the big spike never happened.
Anytime an MP quotes inflation they should have to hold up a card which shows actual prices of 10 common items, food, housing, fuel, energy etc, and show where the last 10 years "should" have been based on 2% and where we are now.
Similar happens when they talk about this price cap b***ks on energy, it doesn't mean anything to anyone. List what unit rates were/ are, and show how fast rates went up when supply costs went up, and show how slow they come down when supply cost go through the floor.
Same happens with fuel too, the second there's any trouble the price of the barrel goes up, and the forecourt mirrors this plus an additional percentage (despite the fuel they currently have being bought at a much cheaper rate), then when the price of the barrel comes down again it take months for the pump price to come down and never goes back to where it was, as they still want to retain the same profit.
The MP's (especially Tory MP's) take advantage of the general public being oblivious to what this all actually means, the transparency if it all is terrible. The media do a terrible job of calling them out on it too.
They seem to forget that although the public generally are not clued up, there are a lot of people who are, and they talk to each other, so most will gradually realise they're all lying.