While it may not be much comfort to those struggling with high food and petrol prices, these graphics show that when a long-term, inflation adjusted view is taken, the recent price increases are but a minor blip on a long downward trend.
As the graphic shows, the real price of eggs over the last 100+ years has fallen over 80%. It might be worth asking your students why eggs (perhaps more than other food items) have fallen so much - I imagine it is to do with the introduction of battery farming.
More important perhaps is the second graphic which shows how many hours of work are needed to purchase a basket of goods and services. So next time you grumble about the price of food and / or petrol, imagine what it must have been like for your great-grandparents!
blog comments powered by Disqus
Dates and Locations
AS & A2 Economics - Macroeconomics: National & International Economy (Unit 2), Global/International Economy (Unit 4)
- Tuesday 25 March 2014 - London (Stratford City)
- Wednesday 26 March 2014 - London (Fulham Broadway)
- Thursday 27 March 2014 - Bristol (Cribbs Causeway)
- Friday 28 March 2014 - Birmingham (Star City)
- Tuesday 1 April 2014 - Gateshead (Metro Centre)
- Wednesday 2 April 2014 - Leeds (The Light)
- Thursday 3 April 2014 - Manchester (Salford Quays)
Post-Easter (AS Economics Units 1&2 Combined; Global/International Economy (Unit 4))
- Monday 28 April 2014 - London (Stratford City)
- Tuesday 29 April 2014 - London (Fulham Broadway)
- Wednesday 30 April 2014 - Bristol (Cribbs Causeway)
- Thursday 1 May 2014 - Birmingham (Star City)
- Friday 2 May 2014 - Manchester (Salford Quays)
|PowerPoint Lesson Activities||Teacher Conferences & CPD Courses|
|Exam Coaching & Revision Workshops||Pre-release Case Study Toolkits|
|A Level Economics Teaching Support||Resources for Business Studies|