2006-11-02 01:32:00 · 13 answers · asked by Anonymous in Social Science ➔ Economics
Of course it has, nothing stands still!
2006-11-02 02:50:26 · answer #1 · answered by huggz 7 · 0⤊ 0⤋
Inflation has always increased the overall cost of items. The Federal Reserve tries everyday to keep the economy growing but with as little inflation as possible. It is very difficult to have any sizable growth without any inflation.
The total cost of "stuff" in the economy is 6 times more expensive than in July 1967. Some of that is inflation and some of that is the increase in quality since then.
The inflation rates in the past few years are as follows:
9/05 to 9/06 = 2.09%
9/04 to 9/05 = 4.69%
9/03 to 9/04 = 2.52%
9/02 to 9/03 = 2.32%
9/01 to 9/02 = 1.51%
The problem with inflation rates is that it is compounding on the year prior's increase (or base).
2006-11-02 01:46:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋
For high end products yes but for low end - no. If you are looking for a washing machine you can get one new for £160 but the Miele ones are £1300. If you just want the basics in life they are much cheaper than they were.
If you're buying fruit and veg, bread, meat it's cheaper now. If you're buying ready meals and imported foods it costs more. The best way to go is to buy from a local market and buy in season.
I also find that if you buy heavily advertised commercial items they will cost more than buying something "last season". No on needs the latest phone, TV etc. Save money by buying a few models ago.
2006-11-02 01:40:55 · answer #3 · answered by Carrie S 7 · 0⤊ 0⤋
Without a shade of a doubt! Gas is the most obvious.
I do not know how the government gets away with taxes as it does whilst reassuring us that inflation is minimal. The level of VAT in UK is a scandal and charged on ridiculous items where no value has been added whatsoever.
2006-11-02 03:08:53 · answer #4 · answered by WISE OWL 7 · 0⤊ 0⤋
Well DUH!! It is called inflation. In this case it is cost driven inflation. The cost that is driving it is energy prices, when oil prices spike everything else goes up as well. More cost to produce and deliver for a manufacturer. This extra cost is passed on as higher prices which is called inflation.
The fact is the US economy is so in shock from it there is even a name for it. Stagflation. The economy is growing so slow that it is stagnant with inflation (high unemployment is the third symptom here.) In fact the real unemployment rate in America today is almost 10%. A very stagnant economy.
2006-11-02 01:44:12 · answer #5 · answered by my_iq_135 5 · 0⤊ 1⤋
They have increased a lot because : A-fuel costs have gone up enormously and B- there is a severe lack of HGV drivers about so companies have to employ more agency drivers to cover deliveries which cost more than their own drivers.
2006-11-02 01:35:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋
about 1/3 have the people no that we have increased
2006-11-02 02:09:04 · answer #7 · answered by lavern m 1 · 0⤊ 0⤋
Inflation.
Also, the price of many items is tied to the price of gas. As gas has gone up, so have everything else.
It doesn't help that wages have been stagnant for the last 4 years.
2006-11-02 01:36:26 · answer #8 · answered by Wundt 7 · 0⤊ 0⤋
I'm sorry to say this but the generally the cost of life is so expensive all consumers have to pay the price .
2006-11-02 02:44:53 · answer #9 · answered by blon_dee1 2 · 0⤊ 0⤋
Yes, it's called inflation. Unfortunately, it's a necessary evil of economics.
2006-11-02 02:01:38 · answer #10 · answered by Anonymous · 0⤊ 0⤋
Sure have here...last time I was at the grocery store, tomatoes were $3.59 per pound...a dollar more per pound that beef round steak...all produce has gone up. In fact, everything has, utilities, taxis, clothing....etc.
2006-11-02 01:49:23 · answer #11 · answered by Anonymous · 0⤊ 0⤋