I’m not sure I like the graph (and the whole report). It feels like it prices stopped growing, the representation in the chart would go down as it would be compared to a growing base number as time goes on.
It seems clear to me, but get the confusion.
A cumulative graph for both figures would be good. It would show that, yes wages and CPI are the same right now, but here’s the cumulative difference since [whenever].
There’s also a case for 2%, rather than 0, to be the baseline if that’s the long term target. It’s written that way, but not graphically represented as well.
Thanks for the explanation. It does make sense when you put it that way.
Yeah, that graph is hugely misleading. I think that most of the population would glance at it and assume that wages had caught up with the last few years of price rises.
