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Euro Bag Displays Europe Currency And Wealth

Euro Bag Displaying Europe Currency And Wealth

Free Image of Euro Bag Displays Europe Currency And Wealth

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euros money bag

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The shrinking purchasing power of the Pound Sterling as part of the household budget. What a Pound purchased a year ago, will now no longer purchase the same goods and services, due to inflation and the rising cost of living. Whether it be from 50 years ago, or one year ago, the purchasing power of the pound continually shrinks. Inflation erodes the purchasing power of a currency over time. Banks adjust interest rates upwards to try to keep prices stable and maintain Purchasing Power and this is usually monitored by the Consumer Price Index. This erosion of Purchasing Power is illustrated perfectly by the oversized sterling Pound Coin, THEN and the shrunk sterling Pound Coin, NOW.

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Image of a paint roller printing Dollar on banknote-size paper. Rising inflation and high cost of living have increased counterfeiting. / You can see the animation movie of this image from my iStock video portfolio. Video number: 1484447804

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