Too posh for CPI – luxury price index
Wednesday, June 30, 2010
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If your daily shopping includes such items as Beluga Caviar and Foie Gras, you may feel the consumer price index doesn’t accurately show you how prices are changing for you. This is because the ‘basket of goods’ which are price checked relate to the average family in Britain. A company called Stonehage have decided to rectify this problem by creating a price index for the wealthy. For a fun starter you could print out the report and ask pupils to review the information.
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