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<blockquote data-quote="Coroc" data-source="post: 7867741" data-attributes="member: 6895991"><p>To stay offtopic, ok it concerns foodstuff: I am from a country in europe. Since they converted our currency to euro in 2002 they claim that the prices in relation to income did not rise because of it. That is true for many things.</p><p></p><p>But i tell you what, if until the 30s of last century they would have raised the price for absolute basics for the poorest of the population namely bread (back then also beer but that does not apply today) they would have caused revolutions, with mobs with torches and pitchforks storming the parliament and lynching the politicians.</p><p>I can remember the price for a basic wheat bread being 1/16 of what it is today and the incomes did rise since then but not by that factor. And that is a sure and real indicator that i am at least partially right with my original post.</p><p>They also compute the inflation by putting together a bundle of goods. This bundle consists also of stuff which is nice to have like consumer electronics which might have gone down in price even. So they compute a very low inflation ratio, when in fact many people feel it should be much higher. This is why:</p><p>Those things essential for living basic foodstuff like bread, milk, vegetables also fuel and energy and rent for rented places in other words all the things you simply cannot live without have all become much more expensive in relation to income. </p><p>I can miss on a new TV or computer for a year if i cannot afford it but i cannot starve or freeze and i have to get to work somehow.</p></blockquote><p></p>
[QUOTE="Coroc, post: 7867741, member: 6895991"] To stay offtopic, ok it concerns foodstuff: I am from a country in europe. Since they converted our currency to euro in 2002 they claim that the prices in relation to income did not rise because of it. That is true for many things. But i tell you what, if until the 30s of last century they would have raised the price for absolute basics for the poorest of the population namely bread (back then also beer but that does not apply today) they would have caused revolutions, with mobs with torches and pitchforks storming the parliament and lynching the politicians. I can remember the price for a basic wheat bread being 1/16 of what it is today and the incomes did rise since then but not by that factor. And that is a sure and real indicator that i am at least partially right with my original post. They also compute the inflation by putting together a bundle of goods. This bundle consists also of stuff which is nice to have like consumer electronics which might have gone down in price even. So they compute a very low inflation ratio, when in fact many people feel it should be much higher. This is why: Those things essential for living basic foodstuff like bread, milk, vegetables also fuel and energy and rent for rented places in other words all the things you simply cannot live without have all become much more expensive in relation to income. I can miss on a new TV or computer for a year if i cannot afford it but i cannot starve or freeze and i have to get to work somehow. [/QUOTE]
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