We are told that inflation is running at around two per cent, yet for most people it is far higher than that - particularly those on low incomes. With fuel increases in double figures and council tax rises at least double the official rate of inflation, pensioners in particular are hard hit. The price of electrical goods is tumbling, but how often can you buy a recordable DVD player? Mortgage costs are also not included in the official figures, and I know from my own experience the level of mortgage inflation at the moment.
When people see the inflation figures and then compare them with their own experience it adds to people's scepticism about anything they are told by government. Perhaps now is the time for a cross-party commission to examine the accuracy of inflation figures and come up with a more accurate way of calculating them.