Has the Queen banned the use of percentages, or is there some sort of lizard conspiracy to make this chart extremely dumb and useless?
Dumb and useless is the answer.
Even when percentages are finally mentioned in articles in the UK, the "media" are happy to go along with the pathetic 3% or "WOWOWOW" 4% inflation narrative, never pointing out what exactly is happening as that would probably depress people hugely when compared to salary increase in percentage (or more likely LACK OF). People are still investing in premium bonds and lotteries. Completely crazy. The flight to BTC might happen soon for many people, at least I hope.
I reckon the real UK inflation rate lies somewhere around 12% this year.
The charts' average increase is indeed 11.5%. Obviously the airfare ticket exacerbates things but we haven't even discussed property which will definitely be around or above 10% inflation and electricity prices which are jumping like crazy.
The inflation in property value is a big problem in the UK.
My neighbours' house has jumped by an extra 52% in value in 8 years. You don't get there with 0-2.7% inflation rate per annum, which the Bank of England claims we have.
This chart below is utter nonsense:
I don't see why you can leave property of a chart at all.
Coupled with the lack of inflation in the income tax bands that have been proposed here in the UK (to pay for the PaNdEmIc), we are in for some serious shit if you don't invest your money wisely into assets, if you have any spare at least.