10
UK inflation rises by more than expected to 3.8%, largely driven by air fares (www.bbc.co.uk)
submitted 1 year ago by to c/unitedkingdom@feddit.uk
3 comments fedilink hide all child comments
 

With the triple lock: this now means that pensioners will be making beyond the tax free bracket for income taxes with the state pension alone from next year.

you are viewing a single comment's thread
view the rest of the comments
[–] 2 points 1 year ago (1 child)

Flights account for 0.51% of the CPI and 0.41% of the CPIH, which includes owner-occupied housing costs. They’re not seasonally adjusted, so they’re just averaged over the year. You’re right that there are some months which are heavier on certain items, but that doesn’t impact the calculation, just the realised inflation by individuals.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •