Posted by David George 1 on 04/03/2022 09:51:07:
…Wat is happening to this world wen you can't buy a decent large bar of chocolate and the nut size in the bar is reduced as well.
David
Easy, for a long time UK inflation was low (less than 1.0% for most of 2020), but it's been rising since January last year, 4.9% this January and the Bank of England are predicting it will rise above 7% this spring. Probably best to Google for explanations, but the pound in your pocket isn't worth what it was. As a result we're all getting less for our money. Chocolate, food, gas, electric, petrol, taxes, and pretty much everything else.
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Just before chocolate bars become stupidly tiny manufacturers will reset our expectations by switching back to giant bars. They'll cost much more, but the new super-sizes will quell most criticism.
The cloud has a slightly silvery lining. If it's any consolation, low interest rates are good for pensioners but bad for the economy in general. The optimum inflation rate is about 2% because it encourages mild spending. Inflation above 5% is too high to be healthy, let's hope it comes down soon.
Dave