Call me suspicious, maybe even paranoid, but does it make sense for the Government to include high-tech goods into its "basket" of items for tracking consumer inflation? iPods cost hundreds now, but so did calculators when they were first sold. Now they are low value "give-away" items. Aren't MP3 players likely to go the same way in time? The last DVD player to be made in the US cost something close to $1,000. Now China supplies them to retailers at more like $20.
I can't help but fear that the Government, no stranger to twisting the truth, is manipulating the inflation index. Including goods virtually guaranteed to decline in price serves to offset the costs - such as local taxes - that are rising well in excess of inflation.
Guardian Unlimited | Special reports | Kick out the slippers and choc biscuits. iPods and surfboards catch the spirit of today's Brits
Tuesday, March 21, 2006
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