Discussion
Loading...

Post

Log in
  • About
  • Code of conduct
  • Privacy
  • About Bonfire
Emeritus Prof Christopher May
Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us  ·  activity timestamp 4 days ago

Just in case you've seen headlines about 'surging' retail sales, as you will see while the 'value' (price) index has risen & continues to do so, the volume of retail sales has remained essentially static (with a slight uptick in January)

So growing retail sales are essentially a figment of inflation & not the ability of consumers to actually buy more... yet more evidence of the stagnations of the UK's economy should you need it.

#inflation #economics

Chart: Retail sales rose in January. Volume & value index, Feb 2020 = 100

Shows since 2021, sales volumes have oscillated around a broadly stable quality, even if prices (i.e. value) have risen
Chart: Retail sales rose in January. Volume & value index, Feb 2020 = 100 Shows since 2021, sales volumes have oscillated around a broadly stable quality, even if prices (i.e. value) have risen
Chart: Retail sales rose in January. Volume & value index, Feb 2020 = 100 Shows since 2021, sales volumes have oscillated around a broadly stable quality, even if prices (i.e. value) have risen
  • Copy link
  • Flag this post
  • Block
diana 🏳️‍⚧️🦋🌱
diana 🏳️‍⚧️🦋🌱
@dianea@lgbtqia.space  ·  activity timestamp 3 days ago

@ChrisMayLA6

"Why are USA people buying twice as much food this year"

Oh, we are simply paying twice as much for the same food. With extra glyphosate into the deal...

  • Copy link
  • Flag this comment
  • Block

BT Free Social

BT Free is a non-profit organization founded by @ozoned@btfree.social . It's goal is for digital privacy rights, advocacy and consulting. This goal will be attained by hosting open platforms to allow others to seamlessly join the Fediverse on moderated instances or by helping others join the Fediverse.

BT Free Social: About · Code of conduct · Privacy ·
Bonfire social · 1.0.2-alpha.34 no JS en
Automatic federation enabled
Log in
Instance logo
  • Explore
  • About
  • Code of Conduct