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Richard Murphy

@RichardJMurphy

Economic justice campaigner. Professor of Accounting Practice, Sheffield University. Chartered accountant. Political economist. Opinions all my own.

calendar_today23-01-2008 10:47:19

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Richard Murphy
@RichardJMurphy

7 months ago

If the price of something was £100 in 2021 and inflation was 10% in 2022 then the price went up to £110. If inflation is now about 7% that does not mean the price in 2023 is £107. It is £117.70 now. Listening to the media and politicians you would not know that.

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