RE: The Good Old Days When Prices Were Cheap

[jloberiza]

5 pesos isang stick? Mahal naman.
At least dito makakabili pa ako ng 3 Pesos. hehehe

You are right, lowered inflation rate does not mean lowered prices. It's not not even deflation unless the inflation rate becomes negative.
Lowered inflation rate simply means, the prices will not increase as much as before. :D
Tataas pa rin pero konti lang. :)

Comments

[adamada]

5 pesos isang stick? Mahal naman.
For real, I was buying it at 3 the other day, probably because it's a different part of town but I didn't think twice about the price and just bought it as is. Maybe I'm the one out of touch since I haven't bought anything in sachets and prefer whole packs.

Tataas pa rin pero konti lang. :)

It's a concept people don't readily grasp when it comes to watching today's prices. Given the current inflation rate ng pinas, everything will likely be twice in value in 2 decades or less if our country get's it down bad. And the target rate of 2% inflation gives us 3-3.5 decades before things double in prices (under ideal management).

[jloberiza]

Well...

Back in 1999, the Jollibee Champ costs only P60 (maybe less)... now...it's more than three times that price...
That's the effect of inflation and I guess few people look back at the prices decades ago.