to think that if you are on a low income, your inflation rate is much higher than the current 9.4%

[cakeorwine]

If you spend more of your income on food and energy bills, then - and especially with energy bills going up, your personal inflation rate is going to be much higher than the headline rate.

Mine is 25% apparently. That's driven by petrol costs and energy costs.

www.ons.gov.uk/visualisations/dvc1833/calculator/index.html

If you have more money, then you are likely to be able to buy a wider 'basket' of goods so you are more likely to be closer to the average inflation rate.

I'd love to know what inflation would be if gas and electric went back to 2020 costs. Would that half inflation?

For some people, if energy and fuel dropped significantly this time next year, they might have deflation as their yearly spending on goods would fall compared to the year before - as energy inflation is so high.

Inflation definitely has a disproportion absolute affect on lower income people.

For example...

10% on 10,000 income leaves 9,000 real pounds to spend.
10% on 100,000 income leaves 90,000 real pounds left to spend.

90k goes a lot further than 9k.

I noticed petrol today was 175 instead of 190. I hope it continues to go down

I did that and it was 13%. Biggest eye opener was how much I spend (waste) on rent. Such a motivation to get me buying 😁