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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (50711)1/22/2006 7:21:01 AM
From: shades  Read Replies (2) | Respond to of 110194
 
price of haircuts

My local barber went up from 5 to 6 dollars a few weeks ago.

Message 21995723

Costs soar

Zimbabwe's year-on-year inflation is now running at 502%. But official figures for prices at hair salons show a rise of 2100%, the highest rate of all categories monitored.

In other words, on average, a hairstyle costs 20 times more than it did a year ago.

"With hairdressing they say it's a luxury business so when they bring in the products, there's a 60 or 65% duty on that," Jackie Granger says.

"When you look at it sometimes you wonder if it's worth being in business because we are being out-priced."

You could even go for the ultimate in low maintenance hair - the completely bald look. It's becoming increasingly popular," said one shaven-headed lady called Vimbai.

"I find myself more of a natural woman when I carry this hairstyle - It's very easy to manage."

"And the other advantage of being bald is it's very versatile. I can change it to suit the occasion - if I get invited to a dinner I can just put on my wig and go."

Oddly enough the CPI will understate the decline as it understated this enormous ramp in prices.

That is the job of the powers that be eh? Too smooth things out?