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a blog by Chris Barrow

Inflation - the return of an old enemy

It's been a very, very long time since we had to deal with the consequences of double-digit inflation. Thank goodness.

1991 to be precise - so around 21 million Brits have no memory or cognisance of what that means.

I appreciate that we are long way from 10% but, even so, 5% will mean that prices (of everything) can double every 14 years, even without taking into account supply and demand.

It has been 10 years since we saw 5% inflation. Remember the banking collapse?

Things go neither down, nor up, forever - but why is it that people often assume that they do?

p.s. Have you had the knock on your door yet - given the 6.6% increase announced in minimum wage?

"Please sir - can I have some more?"

Do you plan to put your prices up - can you?

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