Price Elasticity of Demand Explained: Formulas & Shortcuts | UGC NET Economics | Day 13

Gold Update 8/8/26 — Market Outlook for Gold & BTC

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While the price of many consumer goods and groceries has increased, bananas are almost exactly the same price in UK shops as they were 40 years ago. In 1986, a kilogram of bananas cost £1.04 and in 2025, a kilogram cost £1.02. Accounting for inflation, that’s roughly a 74% price drop in today’s money. So why is the tropical fruit so resistant to inflation? Watch to find out and head to the link in bio for more in our It’s Complicated series.