The general trend of the last several decades is very discernibly up

In no way does this alter the point I am making here: how there can be such a big difference between price increases in so many of the things that we need to buy versus government inflation numbers that are supposed to be a fair reflection of those changes? I fully concede that the price of many of these commodities is extremely volatile and does not go up in a straight line. Nevertheless, the general trend of the last several decades is very discernibly up. Despite such large increases in the prices of share and property markets and the large majority of things you or I might want to consume, government inflation numbers on both sides of the Atlantic continue to come in as low single digits.

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