A general increase in prices and fall in the purchasing value of money.
Inflation
Fact of the Day
In 1506 the Principal of Magdalen Hall, Oxford, was accused of baptising a cat as part of a conjuring ritual to find buried treasure. He later became Bishop of London and a notorious heretic hunter, and was mockingly known as 'Bloody Bishop Christen-cat'.
Quote of the Day
"I love argument, I love debate. I don't expect anyone just to sit there and agree with me, that's not their job.
"
~ Margaret Thatcher
On This Day
1846 Scottish surgeon Robert Liston was the first European to use anaesthesia during an amputation. He could amputate a leg in two and a half minutes.
1898 Scientists Pierre and Marie Curie discovered the radioactive element radium.
1937 'Snow White and the Seven Dwarfs', the world's first full-length animated film, premiered in the USA
1946 A tsunami caused by an undersea earthquake killed at least 1,362 and left thousands homeless in Japan.
1967 Louis Washkansky, the first man to undergo a heart transplant, died in Cape Town, South Africa, 18 days after his operation.
1988 Pan Am Flight 103 exploded as it was flying over Lockerbie, Scotland. All 243 passengers and 16 crew, and 11 residents of Lockerbie were killed