thehatfox@lemmy.world to United Kingdom · 11 months agoUK inflation falls sharply to 6.8% as cost of living pressures easewww.theguardian.comexternal-linkmessage-square15fedilinkarrow-up153arrow-down11cross-posted to: uk_politics
arrow-up152arrow-down1external-linkUK inflation falls sharply to 6.8% as cost of living pressures easewww.theguardian.comthehatfox@lemmy.world to United Kingdom · 11 months agomessage-square15fedilinkcross-posted to: uk_politics
minus-squareBlapoo@lemmy.mllinkfedilinkEnglisharrow-up6arrow-down1·11 months 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-up13·11 months 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-up3·11 months 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-up4·11 months agoAlmost like the system is fucked hey.
minus-squareTenebris NoxlinkfedilinkEnglisharrow-up2·11 months agoA̶l̶m̶o̶s̶t̶ ̶l̶i̶k̶e̶ the system is fucked hey. Let’s be accurate! :)
minus-squareAux@lemmy.worldlinkfedilinkEnglisharrow-up1·11 months agoReal wages have not been dropping for decades.
minus-squareThenThreeMore@startrek.websitelinkfedilinkEnglisharrow-up1·11 months 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