:::renaissance chambara:::

Posts on quality, life, culture, the media, news & tech with a twist & a slice of Limey. I moved my blog to http://renaissancehambara.jp in December 2006, go there for the latest content.

Tuesday, August 08, 2006

 

Blogpost 900: Lumpy inflation


Daniel Gross has written an interesting article on The rising cost of living well on Slate.com.

In the article Gross talks about how various factors are hitting goods and services that are symptomatic of mass affluence.


Rising oil prices and sluggish wage rises have affected consumers ability to spend on pursuing their passions.

Gross cites various services including Starbucks and organic as examples of this decline and an analyst at Merrill Lynch to looked at the inflation of luxury goods and services.
These services have a rate of inflation that is double the normal basket of goods used to measure rising prices.

The flipside is that the common man will be feeling the pressure of inflation much less than his better-off peers, hence inflation occurs at different rates for different people.


The well off are reigning their expenses in, on the small things in life, but when is this going to impact on luxury consumer goods like plasma screen televisions, home cinema systems, video iPods and tablet PCs?

A similar decline in consumerism caused long-term deflation in Japan during the 1990s.

Labels: , ,


Create Social Bookmark Links


Links to this post:

Create a Link



<< Home

Archives

03/2004   04/2004   05/2004   06/2004   07/2004   08/2004   09/2004   10/2004   11/2004   12/2004   01/2005   02/2005   03/2005   04/2005   05/2005   06/2005   07/2005   08/2005   09/2005   10/2005   11/2005   12/2005   01/2006   02/2006   03/2006   04/2006   05/2006   06/2006   07/2006   08/2006   09/2006   10/2006   11/2006   12/2006  


Welcome, thanks for visiting and a bit about this blog (:::renaissance chambara::: all in lower case just like UNIX)
Got something to bitch about? Trying to legal the author or want to send scary fan mail? Click here for more details
Want to leave a comment? Feel free, but please take account of the guidelines
The blogroll (there's some missing that Bloglines can't read, if you're not in sort your feeds out)
Subscribe via RSS to :::: renaissance chambara ::::
The grooves that drive :::: renaissance chambara :::: (see what's on our iTunes)
This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 2.5 License.

Blogger rox nuffsaid.