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Too posh for CPI – luxury price index

Jim Riley

30th June 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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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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