Financial Times FT.com

Personal calculator for your own inflation rate

By Scheherazade Daneshkhu, Economics Correspondent

Published: January 15 2007 02:00 | Last updated: January 15 2007 02:00

The nation's top statistical office is fighting back against accusations, fuelled by newspaper campaigns, that its inflation index is inaccurate and underestimates the rate of inflation experienced by most people.

The Office for National Statistics today launches a personal inflation calculator on its website so people can see for themselves how their spending pattern is likely to deviate from the average for the retail price index, the most comprehensive measure covering goods and -services bought by most households.

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