We could indulge in a long and protracted discussion about deflation vs inflation and I've done so on other forums several times and know the arguments backwards. Suffice to say I'm not persuaded strongly either way but I have a bias towards inflation. I just bought a Stihl Kombi System petrol strimmer and they jumped in price by 9% on 1st July. My wifes Ford Focus was subject to a 4% price rise in June on all of Fords products. The Mars Bar in the vending machine at work is unchanged in price but now down to 27grams in weight.
I see asset deflation in houses. Inflation everywhere else.
But that would be a little too esoteric a discussion for this thread on this forum.
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