Friday, 31 January 2014

How much has average household income increased? It hasn't!

Download the full pdf here

Explaining the data:
Here we have used Institute of Fiscal Studies data from (using the downoadable spreadsheet, using the Before Housing Costs series equivalised for household size, comparing 2011/12 with 2001/2). As the report makes clear, different inflation measures show slightly different trends – and while the RPI (as used here) shows slower rises in standards of living than other measures like the CPI, an inflation measure based around a minimum acceptable standard of living may be even higher (see


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