Inflation hits billionaires too…
We’re all seeing the impact of rising prices, but some products and services used by the wealthiest among us have seen eye-watering increases in the last twelve months.
Forbes magazine has been charting a basket of luxury items in its Cost Of Living Extremely Well Index (CLEWI) for 40 years.
As this chart shows, their inflation rate in 2021 was 10.1%, twice the rate of the official CPI and the highest since the financial crisis of 2008:
Despite the pandemic,[…]