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Real food deflation

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    Real food deflation

    At last, Sir Mev is vindicated!!!

    Groceries 'cheaper' now than in 1862, Grocer magazine finds

    Groceries today cost one-thirteenth of what they did 150 years ago, according to a study from The Grocer magazine.

    The magazine applied an inflation measure to the 1862 prices of 33 items including eggs, hot chocolate, bread, grapes, a toothbrush and sherry.

    The weekly basket of food, drink and household items priced at £93.95 now would have cost an 1862 shopper £1,254.17 in real terms.

    The magazine put the fall down to wage increases and greater imports.

    The Grocer carried out the analysis to mark its 150th birthday.

    While a Victorian shopper would spend a third of their money on food - today our grocery shop accounts for less than 10% of our weekly expense, it said.

    BBC News - Groceries 'cheaper' now than in 1862, Grocer magazine finds


    #2
    Spices and bananas are much cheaper now than in 1862.

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      #3
      Food cheaper, housing more expensive.

      Comment


        #4
        Also Plasma TVs are way cheaper than it used to be.

        Comment


          #5
          Originally posted by AtW View Post
          At last, Sir Mev is vindicated!!!

          Groceries 'cheaper' now than in 1862, Grocer magazine finds

          Groceries today cost one-thirteenth of what they did 150 years ago, according to a study from The Grocer magazine.

          The magazine applied an inflation measure to the 1862 prices of 33 items including eggs, hot chocolate, bread, grapes, a toothbrush and sherry.

          The weekly basket of food, drink and household items priced at £93.95 now would have cost an 1862 shopper £1,254.17 in real terms.

          The magazine put the fall down to wage increases and greater imports.

          The Grocer carried out the analysis to mark its 150th birthday.

          While a Victorian shopper would spend a third of their money on food - today our grocery shop accounts for less than 10% of our weekly expense, it said.

          BBC News - Groceries 'cheaper' now than in 1862, Grocer magazine finds



          Shadow Government Statistics : Home Page
          "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

          Comment


            #6
            And chimney sweeps can now afford to drive Mercs.
            Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

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