How Chappies bubblegum can help you understand inflation

[Pegging]

Hehe. You're right. The last time I physically handled a Chappies must've been the late 70s, before leaving to study in England.

Many Greek cafés would use them as currency, giving you two Chappies change when they wanted to save their 1c coins.

I was never a gum chewer, so swapped them out for hard cash.

Did you upgrade to these?

g

 

[Arthur]

Was it edible?

 

[Pegging]

Was it edible?

Nope.
We had pink tubes in SA.
It was gooey.

you just blew bubbles with it.
Very entertaining.

 

[Polymathic]

Wow I would of expected chappies to be R1 each by now.

I remember Chappies being 10c each in primary school.

Then it was the awkward stage where you couldn't by a single Chappie, you had to buy 3 for 50c and you if you were owed 50c change there was no way you were going to get, the shop owners will give 3 Chappies instead of your change.

Then 20 cent each

After that it was 50c for 2 which was sold as 4 for R1. And worked pretty much as the 3 for 50c stage

 

[Kosmik]

I'm more shocked that they cost 50c today, really?

 

[Stefanmuller]

There is an interesting story of Coca-Cola of a Coke being 1 Dime (5c) for 70 years. If they wanted to increase the price, they had to double it to 10c as there was no smaller coin for change. When vending machines took off there was the same problem, so prices just stayed the same: Buy Coke for 5c

 

[wingnut771]

Did you upgrade to these?

gView attachment 854501

yeah, loved the smell.

 

[John_Phoenix]

This is a terrible example. Chappies have no nutritional value, and I'll be damned if it makes up part of the "basket of goods"

Inflation is the number you have to beat in interest to increase them dabloons in yer treasure chest.

Inflation is the least of your worries however.

Tax, levies, fees and penalties? Those four horsemen will bury any capital you might have, arse up. Right quick.

 

[cr@zydude]

There is an interesting story of Coca-Cola of a Coke being 1 Dime (5c) for 70 years. If they wanted to increase the price, they had to double it to 10c as there was no smaller coin for change. When vending machines took off there was the same problem, so prices just stayed the same: Buy Coke for 5c

I don't understand this. The US has 1c coins.