According to
http://safalra.com/other/historical-uk-inflation-price-conversion/
which contains an historical Price Converter widget, the 20 years from 1990 to
2010 saw the RPI measure of inflation rise by 70%.
Inflation is technically a sustained, general increase in the price level. The
net rise of 70% will include some goods with significantly higher price
increase and some where prices have barely changed or even fallen. Behavioural
economics tells us that people tend to be more sensitive to, and hence more
likely to remember, rising rather then falling prices. Much like the way we are
more likely to remember Billy Paynter's unfortunate one-on-one miss against
southampton than all the ones he did score .......... oh!
Well anyway you get the point.
Dave SSingapore Whites
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MARCHING ON TOGETHER (There's it)
