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Declining currency leads to inflation in prices of imported goods.
Not a perfect correlation there, of course, but good enough. Who would have thought it, eh?
Declining currency leads to inflation in prices of imported goods.
Not a perfect correlation there, of course, but good enough. Who would have thought it, eh?
Which is supposedly why everyone should devalue, isn’t it?
Shocked at the Speccie drinking red wine at £5.63. At English prices, that gets you something for cleaning the loo with.
Presumably everything that has risen in price by less than 4.8% has actually gone down in real terms?
@Richard
But here in Spain red wine at that price can be more than potable, even good.
Plenty of perfectly drinkable red at £5 to 6 a bottle. Wine Society, Naked Wines (after the Angels’s discount), even the local Sainsbury.
But where does one get a decent bottle of port for seven quid?
Tim adds: Portugal.
Snigger.
Seeing as many people are denying inflation is occuring this is worth pointing out.
I have to say that when I was last in Lisbon, I thought about getting my mother a bottle of decent vintage port for her birthday. It was significantly cheaper by interwebs from Berry Bros. But I suspect that the “bottle of sherry/port” is Harvey’s Bristol Cream (£7.57 from Sainsburys Online) or something equally vile.
What an appalling list to label as Christmas Dinner. Who on earth eats sponge-cake or out-of-season cauliflower for Christmas Dinner? I find broccoli, champagne and ice cream odd and several others (e.g. cream crackers) not to my taste but sponge cake?
I see that carrots and spuds have fallen in price – can this be blamed on evil speculators please!
Where are the cigars? I thought they were supposed to be the traditionalists.
Well, Mrs SE doesn’t like heavy fruit cake but has, at least, backed her own sponge cake – for the evening, admittedly, rather than with lunch (as would be the gammon, obviously, although we have a nicely cured ham ready, instead.) Champagne for the present opening, of course.
But chicken as well as turkey? And the child protection people have clearly been at the list given the absence of sprouts.
Chicken 3.14/kg? Ha! Minimum CHF9.- here at Aldi. Even under the “old”exchange rate from 10 years ago that’s well over 4 quid. Currently it’s 6 quid.
Correction: you can get a whole 1 kg chicken for a mere chf7.50.
But wine is much cheaper here 🙂