RPI down? Prices for working-class households are up
Submitted by Admin on 28 March, 2009 - 16:51According to the latest official Retail Price Index, on average prices are now falling. But a closer look at the figures shows that the working-class cost of living is still rising.
Food prices went up 12.5% between February 2008 and February 2009. Eggs went up 11.2%, vegetables 18.6%, fruit 13%.
Fares and other travel costs went up 10.2% (January-January), gas 33.1%, electricity 18%.
The fall in the overall index comes from cheaper prices on clothing, car purchases, and “consumer durables” of all sorts, and from lower mortgage payments.