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A common refrain in the UK is that inflation figures are an elite conspiracy with the reality being much higher than reported. There's an awful lot wrong with
by retube 10y ago
A common refrain in the UK is that inflation figures are an elite conspiracy with the reality being much higher than reported.
There's an awful lot wrong with CPI/RPI measures, but needless to say this is tinfoil-hattery.
- madaxe_again 10y agoActually, I ran an ecommerce platform and had a £3bn p.a. mixed basket of goods being sold on the platform. Since 2012 goods have increased in price by about 6% p.a. To say there is nothing to see without looking at any data is ass-hattery.
- dorfsmay 10y agoSo 1.5%/year, which is a lot closer to 1% than 10%.
- madaxe_again 10y ago6% p.a. - per annum. Before then it was more like 2-3% p.a. It's subtle, but present - a big driving factor has been unavailability of credit, which forces smaller batches for fabrication, which drives up price. This has commensurately resulted in a whole host of businesses in turkey and china who specialise in short-order just-in-time manufacturing. But either way, prices have increased far more than is immediately apparent, particularly food, garments and low value giftware. The pinch is a lot harder at the bottom than the top of the market, too. I obsessed over this data for years, as it was the key to understanding where to position (I.e. Who's making margin?), which retailers would be risky clients, etc.
- dorfsmay 10y agoah! I missed the p.a. = per annum. Thanks.