Re:UK: Food inflation rises to 18.2% as it hits highest rate...
by mitthrowaway2 on Friday March 24, 2023 @01:12PM
(#35292222)
Of course the poor are getting payday loans at interest rates of up to 664%[1], or credit card debt at 20%, both of which make inflation irrelevant, while the super-rich are taking out loans backed by their stock and real estate[2] at interest rates below inflation.
[1] https://www.cnbc.com/2021/02/16/map-shows-typical-payday-loa...
[2] https://www.forbes.com/sites/johnhyatt/2021/11/11/how-americ...