8Apr/10Off
Simple maths
The above graphs (source) are a very simple, almost crude analysis of why the quality of life in the UK has increased slower than real incomes.
Put simply, while incomes have been increasing faster than inflation, the spare income has been spent on housing and bill costs. We spend more and more of our income to pay for our housing, water and fuel, all things with price rises exceeding inflation levels for years.
Isn't it strange that the measure of inflation excludes fuel and housing costs when these are the two things where price rises are most felt?