Purchasing Power: US vs Pak

[Lafanter]

Re: Purchasing Power: US vs Pak

@Southie

@post 6

US inflation rate probably at 3 pct. So if this stays constant it would take 24 yrs for Honda price to double. For doubling in 10 yrs inflation rate has to be 72/10 or 7.2% Nowhere close to that.

Unless you meant car prices rise by 7 pct per year.

I remember back in 2004/5 Honda civic cost 12 lacs, now it costs 25 lacs.