UK inflation just dropped to 3.6%

3.6% inflation still means your purchasing power is melting. That’s after years of elevated inflation that’s already baked into prices, and it still exceeds the Bank of England’s 2% target by a wide margin.

Let’s not forget, inflation compounds. A 3.6% rate might sound mild, but over a decade, that’s a 43% erosion in value.

Reply to this note

Please Login to reply.

Discussion

At 3.6%, every ~2 decades your pay needs to double just to stand still

(And inflation is higher than what they publish)

nostr:nevent1qqsve00r2a6ch8edtke5595n2jw0lgu5gzjrhwpwdy9y0zkmqt5fc2qpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgyhutqf