I bought some minstrels at the co-op and they were 48p. I'm sure it was not long ago that they cost 35p.
With council tax, train fares, gas and electric prices going beyond inflation as well it really is rip of Britain
2007-02-05 02:26:40 · 12 answers · asked by Johnno 2 in News & Events ➔ Current Events
I'm uncertain as the inflation rate regarding minstrels, but I do know that pensioner groups are arguing that the inflation rate that they face - as a result of food, heating, and council tax, etc. - is a lot higher than the 'official' rate. This is because the 'official' rate is an aggregate figure: it takes into account all of those electrical goods - ipods, mobile phones, computers, etc. - that have fallen in real terms, but which pensioners don't buy; the things they buy have gone up well above the average; as the things that you've named have.
On a personal not, the bread that I buy that used to cost 85p has gone up by 25% to £1.15....!
2007-02-05 08:20:39 · answer #1 · answered by Anonymous · 2⤊ 0⤋
certain things have gone up due to the cost of oil, anything to do with transport will increase price's, But when you look at things like electric tools, they have come down in price. Look how much DVD,videos, mp3, washing machines, dryer, microwaves etc have all come down in price. even some cars are cheaper. But to offset that, property has more than doubled over the last ten years and as you have said all those utility service's have gone up.
2007-02-05 05:22:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The rate of inflation is measured by the cost of buying things. So prices, on average, will go up by the rate of inflation.
Reminds me of the Trade Union leader, way back in the '60s, who said he would not rest until all workers earned more than the average wage.
2007-02-05 05:22:25 · answer #3 · answered by efes_haze 5 · 2⤊ 1⤋
No, it's not possible for the (general) price of goods to rise above inflation, as the very definition of 'inflation' is the percentage rise of a defined basket of goods. Some individual products might increase above inflation, but plenty also decrease, or increase by a smaller percentage.
2007-02-05 03:52:02 · answer #4 · answered by Captain Flaps 3 · 1⤊ 1⤋
yes, the prices here in the UK are extortionatly high. As you say with chocolate, its almost 50p for a standard bar of chocolate, around double what it was only 5 years or so ago
2007-02-05 02:40:20 · answer #5 · answered by lynn785148 2 · 1⤊ 0⤋
Just spoke with my son. While the dollar is lower valued than the euro, I know it is not valued at one tenth of a euro. My son paid $20.00 for a hamburger in England. He was appalled and I fully understand, because a hamburger here sells for one tenth that amount here in America. Your prices have to be very high for you in Britain unless your wages are ten times higher then ours. I don't think so.
2007-02-05 02:39:59 · answer #6 · answered by JAN 7 · 1⤊ 3⤋
Hint - the rate that prices goes up _is_ the rate of inflation.
2007-02-05 05:27:53 · answer #7 · answered by MikeGolf 7 · 0⤊ 1⤋
ROFLMAO!
You should see how all the prices are going up in America as a result of Bush's "Energy Program" that allowed the Oil companies here to rape us at the pump as his Political Payback for their politican contributions they made to his campaigns!!!!!!!
2007-02-05 02:32:22 · answer #8 · answered by Anonymous · 0⤊ 3⤋
hell yeah the prices are stupid. I paid 75p for a can of irn bru!!!
bring on the crime spree
2007-02-05 02:43:10 · answer #9 · answered by Anonymous · 0⤊ 0⤋
yes yes yes ridiculously without a doubt
2007-02-05 02:28:49 · answer #10 · answered by itsmeeeeeeeee 2 · 1⤊ 0⤋