Edmund Simms's avatar
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Retail sales in Britain reached £425bn last year. Statista, a market forecaster, reckons they will rise at 3.6% per year going forward, faster than the 2.2% rate over the past decade.

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Nathan Worden's avatar
If the dollar amount of retail sales goes up, but inflation rises faster, was there a real increase in retail sales? 😏
Edmund Simms's avatar
@nathanworden In the past decade, total retail sales grew at 2.2% per year while inflation in pounds sterling averaged 1.7% per year. Inflation-adjusted retail sales grew by a meagre 0.5% per year in that period.
Todor Kostov's avatar
@valuabl Bear in mind that 1.7% is the "official" number published for inflation, the un-official is probably 2x higher at least.
Edmund Simms's avatar
@kostofff What do you mean?
Todor Kostov's avatar


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More than 40% depreciation for 10 years does not equal 1.7% inflation.

Also, you should have a look at shadow stats to be able to get a real number.
Todor Kostov's avatar
@valuabl It's called debasement ...
Edmund Simms's avatar
@kostofff What are shadow stats? And what is the problem you suggest the official numbers have?
Todor Kostov's avatar
@valuabl It's going to take me quite a long time to explain so I suggest probably you investigate further. I've already done the work for myself :)
Todor Kostov's avatar

This is one example. Healthcare will be another ...
The way inflation is calculated is delusionary to what is happening in reality.
Todor Kostov's avatar
@valuabl Also, go and ask the average person on the street. It will give you way better information than the official stats.
Edmund Simms's avatar
@kostofff You made the claims. Is it ridiculous for me to ask you to back it up?
Todor Kostov's avatar
@valuabl Correct. I've made a statement which is backed by "official" data which I've shown.
Edmund Simms's avatar
@kostofff Thanks for sharing here, my friend. I am grateful.
Todor Kostov's avatar
@valuabl Always here to help! Might sound sharp sometimes in my comments but trying to be objective ;)
Reasonable Yield's avatar
Inflation at 11.1%

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