Tuesday 22 August 2017

The reality of price rises is at odds with official figures

A basket of basic household staples bought in supermarkets has gone up in price by almost €10 since before the recession hit back in 2007
A basket of basic household staples bought in supermarkets has gone up in price by almost €10 since before the recession hit back in 2007
Charlie Weston

Charlie Weston

We are told that we are living in deflationary times, with the price drops on most goods and services making our money go further.

The official inflation figures for this country show that prices in the 12 months to July fell by 0.2pc. There were general price falls in the previous months too, according to the Central Statistics Office (CSO).

So, be happy. Life is good. It is getting cheaper to live. Deflation is good for us.

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