Tag Archives: falling wages

An uninformed observer might assume that the rate of inflation is calculated by simply measuring how much prices have risen.  This, perhaps, is why so many of us have lost trust in figures that say prices have only risen by 3 percent even as our rents, utility bills and food …

Forget the macroeconomics; sometimes it is the small changes that people make to their lifestyles that tell us the most about the health of the economy.  In December last year, for example, we reported on the fall in shampoo sales that followed a significant shift in people’s personal hygiene habits.  …