Remember also that the main inflationary increase over the last 20/30 years has been in house prices, which aren't included in the various measures of inflation (until recently when conveniently house prices are going down making current inflation look less than it really is).
Who can remember going on the Kop for 3s6d (that's 17.5p for you youngsters)? And as soon as we went decimal it went up to 50p! Graham White --- On Fri, 19/8/11, Dave Sowden <[email protected]> wrote: From: Dave Sowden <[email protected]> Subject: Re: [LU] interesting article on prices !!! To: "LEEDS List" <[email protected]> Date: Friday, 19 August, 2011, 4:20 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 _______________________________________________ Leedslist mailing list Info and options: http://mailman-new.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] MARCHING ON TOGETHER (There's it) _______________________________________________ Leedslist mailing list Info and options: http://mailman-new.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] MARCHING ON TOGETHER (There's it)
