Tuesday, September 16, 2008

Chronicles Of Depression 2.0: #206

Inflation climbs to 4.7% - but the REAL rise in the cost of living is 25%
New figures show that overall inflation has risen to 4.7 per cent this year but when only everyday goods are taken into account the rise in the cost of living is far higher, it has been revealed.

The cost of shopping basket essentials is rising 25 per cent a year, MailOnline's Cost Of Living Index for September shows.

Why haven't the New York Times, New York Daily News, New York Post, or Newsday done any articles like this? Why does England continue to lead the way in reporting economic truths?

Go see the chart there.

All prior Chronicles of Depression 2.0 posts. Read them before you must.

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