Wednesday, 20 May 2009

Inflation - then and now



Oh happy days are here again - inflation solves all problems.



And today.....

10 comments:

Anonymous said...

We see inflation everywhere but in the data.

Anonymous said...

£10.50 for two tiny medallions of steak at M and S. If that doesn't speak inflation, then I don't know what does. I mean, they were tiny. I have stopped going to pubs and restaurants.

dearieme said...

Go to Iceland; they have a leg of lamb for a tenner.

dearieme said...

Though I'll grant that the half-leg has gone up from a fiver to £6.

electro-kevin said...

I followed my greengrocer towards the back of his shop to the chopping board. Not realising I was there he said to his mate, "Some prat is insisting on half a lettuce." on turning and noticing that I was in earshot he added, "And this gentleman would like the other half."

Times are indeed getting hard. The only thing deflating around here is my ego.

TheFatBigot said...

£1.63 for a cucumber in my local Tesco recently. You could buy a dildo for that.

Mitch said...

You have to be a dildo to shop at Tesco,bunch of tax dodging shysters.
They get none of my coin.

Markbaldy said...

Its funny how this so called "government" switched from RPI to CPI a few years ago because CPI didn't include mortgage or council tax... ie two big ticket items that were going up.
Now, because mortgage payments are almost free, we now see a return to RPI and they steer clear of CPI because that is still showing inflation rather than deflation.
Why don't they just think of a number and feed that to the general public... they seem to accept the lies this lot constantly throws at us or there would have been massive civil unrest by now if the Brits had any guts !

Anonymous said...

Anon, what data you looking at?

Anonymous said...

Fascinating little film about inflation: there a few things that are VERY different now compared to the 30s. One is debt. We are swimming in it, but people weren't back then. As well, the debt is owed to foreign entities: a geopolitical problem: ask Germans about that one. Second, Brown's insistance on sitting on people's salaries (apart from political cronnies, GPs, Labour party supporters, and City types). But for the average joe or jill, they are getting paid less and less. To recap: high inflation, very high debt, reducing income. That is a social and economic disaster.