19 ms·

Ditto in Spanish with the former currency, the peseta. 1 euro = 166 PTS, 6 euro ~ 1000 PTS, the basic banknote. Guess what happened. Exactly. Bread costing 10

by anthk 2y ago

Ditto in Spanish with the former currency, the peseta. 1 euro = 166 PTS, 6 euro ~ 1000 PTS, the basic banknote. Guess what happened. Exactly. Bread costing 100 PTS began to cost... 166, 1 euro.

kgwgk 2y ago
Bread didn’t go up 66% overnight. It did go up 66%… but it took more than 15 years: https://dialnet.unirioja.es/descarga/articulo/6407661.pdf https://dialnet.unirioja.es/descarga/articulo/6407661.pdf
- anthk 2y ago
  In some places, it did over a year.
  - kgwgk 2y ago
    In your mind :-)
    - anthk 2y ago
      Tell that to lots of local shops there on what happened between 2002 and 2005 :) And, of course, bars.
      - kgwgk 2y ago
        We were talking about bread. And "between 2002 and 2005" is somewhat longer than "over a year".
jmrm 2y ago
It didn't happed specifically with bread, as other comment exposed, but it happened with other products, specially in bars, cafés, and restaurants. On the other hand, inflation affected different products in different ways. I remember how in January 1st 2002 a small bag of Ruffles Jamón costed €0.15 in a kiosk and now it's around €0.50 (or even more) in same places (and now contains less product and more air), and I doubt any other product that are nearly 300% percent inflation since 2002 (outside homes sadly)