Inflation cuts value of money by 67% in 30 years - and prices on everyday goods like bread, eggs and beer rise far faster The purchasing power of money has eroded at an average rate of 3.7% a year over the last three decades, thanks to inflation. Provided British pay packets keep pace, people have enough in their pockets to maintain their standard of living. But research reveals that everyday goods like bread, eggs and beer rise far faster than inflation. Also, inflation now is well above annual wages increases: 1.3% (excluding bonuses) last...
