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Consumer right & wrongs, dictionary corner, advice to 18yr old self…
The Martin Lewis Podcast
Inflation Is a Measure of How Fast Prices Are Rising
Inflation is a measure of how quickly prices are rising. The fact that inflation is starting to dip does not mean prices will come down. That would take deflation. We're unlikely to see deflation unless we have worldwide economic collapse with the possible exception towards the end of next year of energy prices, but they will still be very high. If people do not get inflation-based pay rises, then their real income is dropping. And therefore, as inflation continues to grow, each time you get a less than inflation pay rise, your real income continues to compound in the way it's dropping and drop further behind. I love the wonderful Susie Dent. Is it right, Susie? No.
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