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Is the role of inflation over inflated?

Ian Pryer

30th March 2011

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Credit here to Ben Phipps and Sam Udeshi at Chauncy School, Ware, for highlighting this great graphic and short article about how the actual prices of a range of goods and services compare with what their price should be when adjusted in line with the RPI since 1981. It shows how some products are cheaper than inflation trends suggest they should be, whereas leisure based items are noticeably higher. Can students explain possible reasons for this?

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Ian Pryer

Head of Economics and Business, Hills Road Sixth Form College, Cambridge since September 2014. Previously at Freman College, Buntingford for four years firstly as an NQT/class teacher and then has Head of Department. Formerly worked in retail financial services for nearly a decade. Husband, father and lover of Watford FC, darts and cooking.

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