From: Alec McKenzie 
Newsgroups: uk.finance
Subject: Re: Current value of money in any given past year?
Date: Sat, 03 Dec 2005 12:47:10 +0000

In article <3vb7enF155a3bU1@individual.net>,
 "Tumbleweed"  wrote:

> "Alec McKenzie"  wrote in message 
> news:find-6BCF05.14143602122005@news.aaisp.net.uk...
> > "Andy Pandy"  wrote:
> >
> >> Yes, inflation of course is just the average increase in prices of 
> >> products
> >> and services.
> >
> > To be more accurate, inflation is the action by governments to
> > raise their finances by printing pieces of paper. This results
> > in an increase in the prices of products and services. Measuring
> > this increase in prices produces a figure which is a rough guide
> > to the rate of inflation that is causing such increase.
> 
> Many other factors change prices.

Yes, of course they do. Which is why they are only a *rough* 
guide to the true rate of inflation being performed.

> Pretending that one thing is the sole, or 
> even the main, cause of price increases is just plain silly.

I don't know of anyone pretending such a thing.

-- 
Alec McKenzie
un2111.e.armck@xoxy.net