top of page
THINKING BUSINESS
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?





448 views0 comments

Recent Posts

See All

Comments


bottom of page