I was discussing inflation with a couple of colleagues last week... our experiences of rising prices seemed to be completely at odds with the official figures. I first noticed this in November last year when my dry cleaning bill shot up and one of the items I discussed last week was the perceived increase in cost of various items at Top Man (e.g. semi-disposable sunglasses up £2 since last year, etc).
It seems we weren't the only ones to notice. David Smith at the Times has spotted something similar.
His take is that the inflation figure is completely misleading as the massive price deflation for goods like cameras and computers if offsetting the very real rise in prices for services. I think he's probably right. However, that doesn't explain my, admittedly trivial, sunglasses observation. Perhaps it's an effect of the increase in prices for Chinese goods that our rulers so selflessly negotiated for us last year?