thehatfox@lemmy.world to United Kingdom@feddit.uk · 2 years agoUK inflation falls sharply to 6.8% as cost of living pressures easewww.theguardian.comexternal-linkmessage-square15fedilinkarrow-up152arrow-down11cross-posted to: [email protected]
arrow-up151arrow-down1external-linkUK inflation falls sharply to 6.8% as cost of living pressures easewww.theguardian.comthehatfox@lemmy.world to United Kingdom@feddit.uk · 2 years agomessage-square15fedilinkcross-posted to: [email protected]
minus-squareBlapoo@lemmy.mllinkfedilinkEnglisharrow-up6arrow-down1·2 years agoSorry, I’m poor. What does inflation have to do with my inability to buy anything? Will my pay increase, or prices decrease with less inflation?
minus-squareo_oli@lemm.eelinkfedilinkEnglisharrow-up13·2 years agoPrices won’t decrease but they are just rising fast instead of really fast which is… progress?! Technically peoples pay should increase but there will no doubt be a nice lag to that too won’t there.
minus-squareBirdyBoogleBop@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·2 years agoYeah but if we do that then inflation will just go up more. Somehow. Even though real wages has been dropping for decades.
minus-squareo_oli@lemm.eelinkfedilinkEnglisharrow-up4·2 years agoAlmost like the system is fucked hey.
minus-squareTenebris Nox@feddit.uklinkfedilinkEnglisharrow-up2·2 years agoA̶l̶m̶o̶s̶t̶ ̶l̶i̶k̶e̶ the system is fucked hey. Let’s be accurate! :)
minus-squareAux@lemmy.worldlinkfedilinkEnglisharrow-up1·2 years agoReal wages have not been dropping for decades.
minus-squareandthenthreemore@startrek.websitelinkfedilinkEnglisharrow-up1·2 years agoDecades looks to be an exaggeration. About a decade and a half. https://ichef.bbci.co.uk/news/976/cpsprodpb/9AEB/production/_108295693_earnings.cpi-2019-aug-13-nc.png.webp
Sorry, I’m poor. What does inflation have to do with my inability to buy anything? Will my pay increase, or prices decrease with less inflation?
Prices won’t decrease but they are just rising fast instead of really fast which is… progress?!
Technically peoples pay should increase but there will no doubt be a nice lag to that too won’t there.
https://imgflip.com/i/7vwr9e
Yeah but if we do that then inflation will just go up more. Somehow. Even though real wages has been dropping for decades.
Almost like the system is fucked hey.
A̶l̶m̶o̶s̶t̶ ̶l̶i̶k̶e̶ the system is fucked hey.
Let’s be accurate! :)
Real wages have not been dropping for decades.
Decades looks to be an exaggeration. About a decade and a half.
https://ichef.bbci.co.uk/news/976/cpsprodpb/9AEB/production/_108295693_earnings.cpi-2019-aug-13-nc.png.webp