Originally Posted by
Organ Morgan.
Getting back to inflation, this time the UK variety, cumulatively since 2009 CPI rose 26.2%. It rose significantly more measured in the broader RPI index. Obviously, those whose income failed to keep pace with inflation have become poorer in real terms.
The pound and all other currencies are supposed to be a means of exchange and a store of value, but absent of very brief periods of deflation their purchasing power constantly erode.