Quote:
Originally Posted by derekgas
The rate of inflation is a false representation of the actual price rises we have suffered, I am pretty sure that many things are not taken into account, council tax and utilities i think are some of them, gas and electric will have gone up by 100% at the end of this year (in 2 years), fuel has gone up around 25% since christmas, so the pittance being offered is way below the rate of inflation, pay rises at our place will be none existant this year because we have been forced to indcrease prices to help the fuel bills, if we had to do it again to meet wage increases, we would lose a lot of business, therefore jobs would go, I dont see any easy solution, but I do see plenty of unrest on the way.
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Well put. I agree with most of this.
On a bigger scale, increasing wages can cause greater inflation too.