Inflation "is four times higher for the rich"

The Coutts Wealth Inflation Index (CWII) is based on the spending habits of the holders of Coutts’ World Card, covering high income households whose expenditure is likely to be excluded from the widely accepted CPI and RPI inflation trackers. It is based on a basket of luxury goods and services, price-matched by Coutts over 12 months to gauge the rate of inflation. Coutts said the number of wealthy individuals in the UK has risen significantly over the last few years, with around 112,400 people in the UK holding onshore liquid assets in excess of £1m, a figure predicted to rise by almost 1...