5 ms·
It's remarkable how over this time frame how inflation in the UK and the USA has been so similar. https://www.rateinflation.com/consumer-price-index/uk-histori
by nly 1y ago
It's remarkable how over this time frame how inflation in the UK and the USA has been so similar.
https://www.rateinflation.com/consumer-price-index/uk-historical-cpi/ https://www.rateinflation.com/consumer-price-index/uk-histor...
https://www.rateinflation.com/consumer-price-index/usa-historical-cpi/ https://www.rateinflation.com/consumer-price-index/usa-histo...
Both approx +110%
Yet over that time UK GDP per capita is up only 46% compared to the US which is up a massive +223%. Depressing.
- jhallenworld 1y agoThey don't say that the currencies are pegged, but I'm pretty sure they're defacto pegged. Same deal with the Euro.
- metalliqaz 1y agoThey don't call USD the global reserve currency for nothing.
- mdnahas 1y agoI went back to get an Econ masters and studied international currencies. Some exchange rates are very stable over time and we don’t know why.