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Mainstream media has inflation ALL WRONG

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Rob dissects the recent UK inflation figures and shedding light on the discrepancies in the reported data, unraveling the flaws and limitations of the Consumer Price Index (CPI) and mainstream media's portrayal of inflation. 

KEY TAKEAWAYS

  • Rob highlights the limitations of the reported inflation figures, pointing out that the Consumer Price Index (CPI) does not account for essential expenses like fuel, mortgages, and rent, leading to a potentially underestimated inflation rate.
  • Inflation tends to come in waves, with the effects of stimulus measures taking time to manifest in the economy. The host predicts that inflation may accelerate again in the future, challenging the notion that it will easily drop to the Bank of England's 2% target.
  • It's vital to seek alternative sources of information to gain a more accurate perspective on economic issues.
  • Consider the context of price changes to avoid misconceptions about the state of inflation.

BEST MOMENTS

"The Consumer Price Index doesn't take into account everything. It might not include how much it costs to top up your car or the price at the pump."

"It's hard to believe today because it's not true. Is it going to get down to 2%? Well, if they want to force the figures down to 2% and make up the data as they go along, then absolutely, of course it will."

"This is a challenge I have with mainstream media reporting such things. They quite clearly don't understand what's going on or they're being told to report it in a certain way."

VALUABLE RESOURCES

https://www.msn.com/en-gb/money/other/uk-inflation-may-be-stuck-at-4-but-don-t-despair-things-are-about-to-get-exciting/ar-BB1ig04n?ocid=winp2fptaskbar&cvid=bd01326a59f84b4fe400b0e4d418a001&ei=8&sc=shoreline

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS 

Property FAQs = https://amzn.to/3MWfcL4  

Buy To Let: How To Get Started = https://amzn.to/3genjle  

101 Top Property Tips = https://amzn.to/2NxuAQL  

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast

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