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Reminder: the misleading reporting of inflation in the media continues.

1. Ignores the (higher) lead measure, and reports a (lower) secondary measure

2. Blames luxuries (air travel), ignoring necessities (food inflation is much higher than headline inflation)

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Stop telling me changes is prices is inflation, it’s money printing plain and simple.

On the plus side, you can get 5.8% on the 30 year gilts. 🎉

Yes, but that is not the bureaucrats’ lead measure (4.2%), never mind the most fundamental measure (food 4.9%).