Monday, May 25, 2015

GW's View on Economics - Or FU Colonials!

UK price rise of Citadel Paint Pot - GBP 2.40 rises to GBP 2.55


NZ price rise of Citadel Paint Pot - NZD 7.00 rises to NZD 9.00


UK % increase = 6.25%


NZ % increase = 28.57%


UK Annual Inflation as measured by CPI = -0.1%


NZ Annual Inflation as measured by CPI = 0.1%


So inflation in both countries is essentially zero, yet one country "suffers" a 6% rise while the other a 28% rise.


Sometimes their practices make it is very hard to like GW

3 comments:

  1. Yes I noticed that. My main gripe with GW pricing has never been the high prices themselves - quality product and all. My issue has always been with discrepancy in the currency between GBP and NZD.

    An interesting question is would I feel any different if the NZD price was the same and the GBP was raised to match?

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  2. I saw another post about this where it appeared to just be sprays, technical paints. Is this confirmed at all? Or all the paint range?

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  3. Perhaps GW have shares in NZ Post and want to help promote YouPost.

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