BBCNEWS The Context June 4, 2024 19:05:00
Right. so the inflation data is measuring a kind of represented basket of things that consumers buy, and so every household consumers go to be different in terms of what they spend their money on, so for example people generally come on lower incomes, spend a large proportion of their income on food, and food inflation has them on the big components in the inflation indexin big components in the inflation index in terms of pushing up on price rises —— food inflation has been one of the big. ...
Source: archive.org