Praesidium

Tuesday, October 28, 2008

Credit Crunch Inflation

Despite continued gloomy news stories, no one in my household is feeling much effects from the credit crunch. In fact, I'm due to receive my first salary cheque this week and we're all keen for house prices to fall. Nonetheless, I have noticed some knock-on effects. Last week, I bought some Sainsbury's Basics curry sauce and this week I find that the price has doubled. It may only be from 4p to 8p, but it's a 100% increase - almost like living in Zimbabwe...

UPDATE (06/11/08): It now seems to have reached 23p. While I was somewhat worried as to how they could possibly produce it and sell it for four pence, this is almost a 500% price increase it about a month...

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