An honorable member of the Coffee Shop Has Just Posted the Following:
Think our inflation rate is underreported. Many cases of items same price but quantity or quality less. In this case, there is no inflation but u end up buying more or feeling hungry or thirsty after your usual meal. Even for electronic products, manufacturer build in less expensive parts so that they die off in say 2 years instead of 3. U end up buying more but inflation will not capture it. So bottom line is that your salary remain constant but the same $ may buy less or u need to pay more if price increases. Even if price stays the same, u can be screwed by lower quantity, poorer quality or replace more frequently. No wonder everyone (outside of million $ club) feels poorer every day !!
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30-10-2013, 09:10 PM
If price the same but portion less, is that counted as inflation??
