Episode 20: The Inflation Basket – Where Fish Fingers Meet CDs
Inflation can have a big impact on your financial plans, but what is it and how has it changed over the years?
Join Chris, David and Tommo as they take a more light hearted approach to explaining inflation and what impact it can have on your financial plans. They also discuss what makes up the ‘Inflation Basket’ and how this has changed over the years.
3:50: Money in the bank v. money under the mattress
5:00: Tweets from @tess_invests on embarrassing purchases
7:10: What is inflation based on?
8:20: Typical purchases for the Inflation Basket through the years starting from 1947
18:57: What could be in future Inflation Baskets?
20:10: Why we can’t ignore the NAT STATS Inflation Basket
20:40: Where could inflation be heading?