What are the different measures of inflation, and are we being conned?

  The Guardian 

Image source : theguardian.com
The UK uses three measures and each has its fans, but it does seem unnecessarily complicated MPs press Treasury to abandon ‘absurd’ inflation measure Is inflation really that difficult to calculate? It seems so. There are three main estimates produced by the ONS: the consumer prices index (CPI); consumer prices index including owner occupiers’ housing costs (CPIH): and the retail prices index (RP
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