Archives for 17 May 2007
CPI ‘does not reflect consumer spending’
The consumer prices index (CPI), which dictates the headline inflation rate, does not take into account a significant proportion of UK spending, it has been suggested.
Britons confused by the apparent difference between their own debts or spending and the official rate of inflation may be interested to read new research from the Alliance Trust.
The […]
Pay rises ‘can result in debt’
Increases in salary can result in people getting into increased levels of debt, according to new research.
A survey published today by Prudential suggests that around 3.4 million Britons end up in the red by spending the rewards of a pay rise before they have actually received it.
The same was found to be true of […]