The Bulletin with UBS

Inflation and inequality

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26 February 2017

Episode 125

15 minutes

People spend on different bundles of goods and services so inflation differs. And because the calculation of the inflation basket is plutocratic it reflects the spending patterns of higher-income groups, meaning most people have an inflation rate that is above the reported rate. Featuring a special extended interview with UBS Wealth Management global chief economist Paul Donovan, author of ‘The Truth About Inflation’.

26 February 2017

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