Inflation

[Johnny P]

My, how things have gone up. Have a receipt from where my great grandfather bought supplies, Feb. 14, 1890.

1 Barrel Flour. $4.75
50# Lard. 4.25
10# Tobacco. 3.50

[Allen]

Plus the flour barrel was free.

We all know the value of money was way less then but think about how long 50# of lard and 10# of tobacco would last.

With inflation we mainly look at the price. This is a reminder of how "little" we are actually buying. Tobacco is sold by the ounce. Flour in 2,5 or 10# paper bags.

[Phloating Phlasher]

Its The Economy.jpg

[Mark in Ottawa]

My understanding is that in most western countries inflation has recently dropped to an acceptable level of about 2% to 2.5% per year. That's all very well but it doesn't reverse the huge inflationary increases of the last couple of years. The fact that the level of current and future pain is gone, doesn't help with the ongoing pain of the past. Nevertheless, politicians are crowing about how wonderful they are