Makes sense, although at the same time the price of things you buy is based on the cost with theft factored in already. More thefts mean they would have to adjust the calculation and prices go up to cover it. I don’t know how far that goes, 99% theft and the 1% spending £50 on a loaf of bread?
Part of it depends what someone is stealing, if its a bag of potatoes or some bread, you are probably desperate. If its a 4k TV I don’t have that same sympathy.
Prices go up more when inflation goes up, and they go up again when inflation goes down. Then they go up again because of war, or tariffs, or because of fuck the poor.
Theft is far far down the list of reasons to raise prices.
Makes sense, although at the same time the price of things you buy is based on the cost with theft factored in already. More thefts mean they would have to adjust the calculation and prices go up to cover it. I don’t know how far that goes, 99% theft and the 1% spending £50 on a loaf of bread?
Part of it depends what someone is stealing, if its a bag of potatoes or some bread, you are probably desperate. If its a 4k TV I don’t have that same sympathy.
Prices go up more when inflation goes up, and they go up again when inflation goes down. Then they go up again because of war, or tariffs, or because of fuck the poor.
Theft is far far down the list of reasons to raise prices.
Yes, that is what inflation means.