tag:blogger.com,1999:blog-30194186.post999915111351008947..comments2024-02-02T10:29:34.789+00:00Comments on A Conservative's blog: Inflation beating Council Tax Rise!Benedict Whitehttp://www.blogger.com/profile/01382732288664789210noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-30194186.post-21012708178260276412008-01-24T07:49:00.000+00:002008-01-24T07:49:00.000+00:00If you have disposal income, can afford large LCD'...If you have disposal income, can afford large LCD's a second or third car, then inflation may seem low to you. This is the wonderful Chinese factories, plus a rising pound, keeping the luxury-necessities cheap. It is they who face erosion of their spending at about CPI<BR/><BR/>On the other hand, you have OAPs. They have to make-do on their pension. They have little descretionary expenditure, and an increase in bus fares, council taxes, petrol & food prices. Their goods and services areprovided by the non-tradable sector and face much higher levels of inflation.<BR/><BR/>I rant further here (if I may presume to push my wares here, Mr BW?):<BR/><BR/>http://clunking-fist.blogspot.com/2008/01/interest-rates-gummint-spending.html#linksClunking Fisthttps://www.blogger.com/profile/18020166717482531977noreply@blogger.com