The figure cited by the BMA is based on an unreliable measure of inflation. Other measures suggest the drop has been less. Our analysis using a measure backed by the Royal Statistical Society puts the fall since 2008/9 at more like 6-7%.Source
The figure cited by the BMA is based on an unreliable measure of inflation. Other measures suggest the drop has been less. Our analysis using a measure backed by the Royal Statistical Society puts the fall since 2008/9 at more like 6-7%.Source