or more...thought this post has ramifications for the wider investment community... refers to the news about how they have changed the way the cpi is calculated....ref; see michael west articles in 'the age' recently....expect to read more about this con job on consumers. copied my post from the property forum today .... if you add in interest rates and housing costs and changes.. did you know they took the interest rates out of the cpi ??? yet interest rates are probably one of the highest contributors to the cost of every other goods and services they kept the interest rate in up until about 1990...
.so here is a bloggers revised charts showing what the real figures were more likely to be
http://img145.imageshack.us/img145/3176/comparecpi12th13thseriebk4.png now lets compare that to the other posts about the charts comparing house prices to inflation....'property doomed look at the graph'
I calculated that original graph at inflation 2.37 and housing 5%.... so the truth is the graphs are wrong...because inflation was more likely over 5% to 6%...and I doubt that housing which is factored into the true figure of 5-6% inflation rate could be higher.... how do you feel knowing you/we have all been conned ???
