What Is It With The 20% Increases On Food?

[Anna B]

6 hours ago, fools said:

All public spending and pay rises (without matching productivity increases) get passed onto the general public.

 

Meddling Socialist governments who keeps printing, borrowing and spending money, devalue it

 

MPC's who keep interest rates far too low (for decades) devalue it. The committee tasked with keeping inflation at 2% did nothing.

 

Hence double (and triple in fuel) digit inflation.

 

Lefties have been pretty quiet about the 'giveaway' a few days ago,seems they like 'free money' but are but keeping that to themselves. Doubt it will be the same when they get the invoice.

 

Excuse me, but the Conservative governments have done more than their fair share of printing, borrowing and spending money over the past few years, so why blame the Socialists? 

 

Don't worry there is a Tory Magic Money Tree in full working order and going great guns.

Edited May 31, 2022 by Anna B

[fools]

9 minutes ago, Anna B said:

Excuse me, but the Conservative governments have done more than their fair share of printing, borrowing and spendding money over the past few years, so why blame the Socialists? 

 

Don't worry there is a Tory Magic Money Tree in full working order and going great guns.

Try reading it again carefully. The point was that they are socialists, you have the profligate inept government you wish for, throwing money at every problem, and here we have the consequences. Pay people to stay at home stroking their phones, and reduce interest rates to a pittance, oops high taxation and inflation. Throw billions of QE money into the economy, oops unaffordable housing.

Edited May 31, 2022 by fools

[Dromedary]

10 minutes ago, fools said:

To claim that the cost of employment has no bearing on prices charged in the shops is ludicrous.

But I didn't claim that!

10 minutes ago, fools said:

I don't need a survey to know that. That 35p cheese sandwich you could buy on the Moor in the 1990s is nearer £3 now.

 

Can't be bothered to argue about it, some general points

Obviously because you are wrong and know little about economics, market trends or how supply and demand works.

 

10 minutes ago, fools said:

Stats and new feeds are usually released with an agenda behind them. Who paid for that survey in the news and why. Clickety click.

 

They said the minimum wage wouldn't have any impact on employment, well take a look in any supermarket at the row upon row of self service tills displacing shop workers.

Just one important point. If people are being displaced with self service tills then what is causing food inflation as in that scenario wages would not be increasing at all.

 

10 minutes ago, fools said:

New articles as we have clearly seen over the last 2 years are often made up nonsense. loosely based on fact.

 

The biggest rise in prices for a household currently is down to the gas/electricity price increase - any retail gas/elec price increase in price due to sanctions will not feed into inflation until october, when the price cap goes up

Once again I will remind you what I said

 

..."the recent unprecedented increases have nothing at all to do with any minimum wage increase and all to do with energy supply and the problems and sanctions on Russia."

 

10 minutes ago, fools said:

You could argue petrol and food has gone up as a result of the war, but the link to sanctions is currently dubious. Some countries aren't experiencing the same level of inflation as us.

I could but I'm not!

[fools]

There's so little meat on that bone, I'm not going to bother.

[Dromedary]

5 minutes ago, fools said:

There's so little meat on that bone, I'm not going to bother.

Good! 

Edited May 31, 2022 by Dromedary

[iansheff]

I see that Asda have cut the quantity of the sausages in their frozen packs, last time I had some there were 20 in a pack now 16 for the same price.

[Rockers rule]

58 minutes ago, iansheff said:

I see that Asda have cut the quantity of the sausages in their frozen packs, last time I had some there were 20 in a pack now 16 for the same price.

Tesco's (Butchers choice) still 20 used to be  £1 now £1.25 but don't shop there very often so don't know when they went up  .

I stick em in casseroles etc & they taste better than Tesco's other frozen sausages at 20 for £2.75p.

Don't tell every one, you know what Tesco's are like, they find people are buying the cheaper alternative and all of a sudden they remove them from sale 🤣.

 

Keep safe out there & eat wise and plentifully   . 

 

[melthebell]

Interesting view on why more and more people are starting to believe we might have major issues with food supplies and possible worldwide starvation. i've been seeing more and more news reports on the issue. Didnt know 4 companies in the world control all of the worlds grain.

 

Edited June 6, 2022 by melthebell

[ECCOnoob]

40 minutes ago, LovePotion said:

Wow, is that how much it was?! Such simpler times. Even Cooplands charge £3.10 for some sandwiches now. I saw a pub on Facebook doing baked potatoes for £9 recently!

Assuming you also like to go back to those much simpler times before there was things like minimum wage, restricted maternity leave and no shared parental leave, no flexible working arrangements.....

 

According to the ons, the current net weekly wage as a national average is approaching nearly £500. Back in the mid 1990s it was barely scraping £200.  

 

Bank of England interest rates in 1990 we're averaging between 10 and 13% now they are are down to less than 1%.   

 

There is much talk about "outrageous" inflation and "crippling" living costs but let's not get too Rose tinted about life back then. It's all relative and for many it was just a tough if not even tougher back in the day.

[Mr Bloke]

23 minutes ago, ECCOnoob said:

Assuming you also like to go back to those much simpler times before there was things like minimum wage, restricted maternity leave and no shared parental leave, no flexible working arrangements.....

 

According to the ons, the current net weekly wage as a national average is approaching nearly £500. Back in the mid 1990s it was barely scraping £200.  

 

Bank of England interest rates in 1990 we're averaging between 10 and 13% now they are are down to less than 1%.   

 

There is much talk about "outrageous" inflation and "crippling" living costs but let's not get too Rose tinted about life back then. It's all relative and for many it was just a tough if not even tougher back in the day.

Hmmm...

I'm not sure I agree with this.

I've been doing some sums... and using your figures:

 

If I invested a whole weeks wages today (£500) at 1% interest rate, I would receive £5 interest...

... whereas if I invested a whole weeks wages in 1990 (£200) at 10% interest rate, I would receive £20 interest.

 

So I would be £15 better off investing my weeks wages in 1990 than I would be today...

... so clearly it was not as tough back in the day!

 

(Argument brought to you courtesy of lies, damn lies and statistics)