Originally posted by WTFH
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But I believe this was being engineered by HMG, in the same way as they are engineering the very low rate at the moment. I'm not an economist, but clearly there is a multitude of factors which affect inflation figures, not the least what HMG determine should be included in the prices indices. If they can manipulate those, then they can manipulate inflation. Which is what I believe they were doing in the run up to EU membership.
I lived and worked through those times remember.
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