3 ms·

So 1.5%/year, which is a lot closer to 1% than 10%.

• madaxe_again 10y ago
  6% 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 ago
    ah! I missed the p.a. = per annum. Thanks.