Ramon Aragones, editor of content and Invertia Product Manager
The consequences of stagflation that unfortunately starts to become popular in countries like ours (I remind everyone that stagflation is the price increase with economic stagnation and high unemployment) can be felt already in many services that citizens use to daily, without great lessons of macroeconomics. (Read INVERTIA: Back to 70? Negative GDP and the CPI paint a picture of stagflation).
For example at the pump. If these days fueling on any network of which exist in our country (except for regions like the Canary Islands) will be found to both gasoline and diesel are fast approaching the 1.30 euros, a figure that represents a historical record. This is, as we have grown tired of explaining in recent days, all media, a consequence of raw material inflation and that is driving up the CPI crazy.
But may also have noticed these days in the same parking service when you pay the combustile, wash the car or buy any item that is less personal and more like those who are overwhelmed and tense. This is the result, as seen in the latest published, that unemployment is rising also in the field of gas stations, because the Spanish consumption is lower by the crisis. The consequence is that the customer sees that more pay more for this product and the service you receive is getting worse as more and more things must be done alone, like putting gasoline, etc..
A similar situation can be seen in the movies. Some chains have come up with the new year the price of movie ticket to exceed 8 euros. Instead, it is also verified that these same chains are in many cases less active and that its staff is more scarce. The ushers, the staff serves drinks and popcorn and the cleaning staff is also reduced. Conclusion: it also worsens the service and pay more.
Surely, with the daily experiences as they all understand better what really awaits us if stagflation is installed in our country (once oil prices to relax) as it has for decades in countries like Japan .
