Monday, Apr 16, 2007

One of the key inflation measures up dramatically

Firstrung: Annual inflation for all manufactured products rose to 2.7 per cent in March - ONS

The infamous image to the left is of a German woman in 1923 burning the worthless currency to simply keep warm. We've provided a link to the search.com entry which discusses how the currency was hyper inflated at the time and the end result. No idea what house prices were at the time in the Rhine version of Gerrards Cross...

In March, output price annual inflation for all manufactured products rose to 2.7 per cent. Input price annual inflation rose from -1.2 per cent in February to 0.7 per cent in March...

Posted by converted lurker @ 01:39 PM (170 views) Add Comment

3 Comments

1. paul said...

"The infamous image to the left is of a German woman in 1923 burning the worthless currency to simply keep warm."

It's probably a bit late to say this now but why doesn't she just put a coat on?

Monday, April 16, 2007 03:02PM Report Comment
 

2. converted lurker said...

Perhaps she's cooking =;¬)

Monday, April 16, 2007 03:12PM Report Comment
 

3. paul said...

In her chimney? Godd lawdy things were tough then.

Mind you, burning paper might have been cheaper than buying a coat .. 8-/

Monday, April 16, 2007 04:28PM Report Comment
 

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