Image: Shutterstock/Bastian Weltjen Image: Shutterstock/Bastian Weltjen THE CENTRAL STATISTICS Office will consider whether it can reflect the disproportionate impact of price increases on lower income groups amid soaring inflation rates.
The statistics agency’s latest CPI showed that prices were on average 5.5% higher in December than they were in December 2020. “Transport is another big one, particularly for households living in rural locations where public transport just isn’t an option. In a briefing to The Journal, CPI statistician Colin Cotter explained that the CPI is calculated as an average for all Irish households and that the real impact of inflation on each person is different.
“The CSO will consider whether a feature like this could be included on its website, to engage more directly with the public about inflation.”
Maybe CSOIreland should chat to BootstrapCook about the VimesBootsIndex she has devised based on terryandrob's Discworld character?!