Inflation ... makes no sense.

[sgars]

Originally Posted by sgars

My calculations of long term inflations for a few items based on my memory and a recent trip to Apna Desh.

Name Previous year Previous price Price in 2016 Inflation
cornetto 1* 1992 15 30 2.93%
cornetto 2** 1992 15 45 4.68%
Beer 2008 80 120 5.20%
Triveni Supari (40g) 2008 25 60 11.56%
200 ml Cola*** 2006 5 15 11.61%
Rent for my flat 2004 3000 10000 10.55%
Plain veg dinner for 2 at a not so upscale but A/C restaurant
2008 400 1000 12.14%
Pani Puri**** 1993 0.25 2.5 10.53%

* Buttersotch in Shirdi
** Chocolate in Hyderabadoke ad by Hypocrite Khan in 2006 or so
***Any one remember the 'Paanch' C
**** 1992 was from a road stand in Oriss

Here are the numbers in the table format.



* Buttersotch in Shirdi
** Chocolate in Hyderabad
***Any one remember the 'Paanch' Coke ad by Hypocrite Khan in 2006 or so
**** 1992 was from a road stand in Orissa. One guy actually charged 40p. Even in Hyderabad, prices vary a lot. It is 30 rupees for a 6 plate in Central and 20 Rs for an 8 plate in Big Bazaar.

[Sane Less]

Do not understand what the confusion is. Early to id-nineties were the beginning of globalization. Of course, prices would be lower in remote, non-developed and developing countries before globalization... and world-prices would spread and even out all across the world after globalization. The word globalization effectively means that. It was made out to be the best thing since sliced bread by most economists... but economists are generally poor people who have no real sense of what economy means. They are not far-sighted people

Of course there are still some places left that are not much touched by globalization. These are the last few heavens that people seek out for vacations. But don't think these will hold out much longer either. Enjoy what we can today... do not wait to retire and visit all those exotic but cheap places.