What Is It With The 20% Increases On Food?

[iansheff]

5 minutes ago, spilldig said:

I think that the answer to the question of the thread is greed. Simple as that.

Yes I think you are correct, a friend in Wales says her tinned oranges has gone up 58%.

[El Cid]

19 minutes ago, spilldig said:

I think that the answer to the question of the thread is greed. Simple as that.

We have always had inflation, at the monent RPI inflation is 7.8% a little higher than we are used to.

But it was like this in 2010, a few years after the 2008 recession. Lets see how the Government deal with it.

This inflation is caused by the Government spending money it hasnt got.

[Dromedary]

1 minute ago, El Cid said:

This inflation is caused by the Government spending money it hasnt got.

No it has nothing to do with that at all as they do have the money, albeit on loan. Current inflation whether it is RPI or CPI  is being caused by unusual and sudden world events causing shortages in supplies and rising fuel costs and it will inevitably rise as the Russian war carries on. That fact is borne out as inflation has also risen worldwide and not just in the UK. The days of cheap food are now over.

 

https://www.bbc.co.uk/news/business-12196322

[El Cid]

38 minutes ago, Dromedary said:

No it has nothing to do with that at all as they do have the money, albeit on loan. Current inflation whether it is RPI or CPI  is being caused by unusual and sudden world events causing shortages in supplies and rising fuel costs and it will inevitably rise as the Russian war carries on. That fact is borne out as inflation has also risen worldwide and not just in the UK. The days of cheap food are now over.

 

https://www.bbc.co.uk/news/business-12196322

They are paying the higher prices with the borrowed money, the Government paid 80% of peoples wages. Without that borrowed money, inflation would have been much lower.

[Dromedary]

10 minutes ago, El Cid said:

They are paying the higher prices with the borrowed money, the Government paid 80% of peoples wages.

???

 

Quote

Without that borrowed money, inflation would have been much lower.

No it wouldn't as government borrowing money has nothing much to do with inflation statistics.

Edited March 4, 2022 by Dromedary

[carosio]

1 hour ago, spilldig said:

I think that the answer to the question of the thread is greed. Simple as that.

On the flip-side, if your company/boss offered you a 50% rise in wages, or as self-employed you could charge twice as much as last year.........

[HeHasRisen]

3 hours ago, spilldig said:

I think that the answer to the question of the thread is greed. Simple as that.

You clearly have no idea how economics work then.

[spilldig]

6 minutes ago, HeHasRisen said:

You clearly have no idea how economics work then.

I clearly know how human nature works. 

[El Cid]

17 minutes ago, HeHasRisen said:

You clearly have no idea how economics work then.

If you look at total money supply (M2) from Jan 2020, a steep rise in money circulating.

 

https://www.statista.com/statistics/922225/uk-banking-total-money-supply-m2/

[Dromedary]

1 hour ago, El Cid said:

If you look at total money supply (M2) from Jan 2020, a steep rise in money circulating.

 

https://www.statista.com/statistics/922225/uk-banking-total-money-supply-m2/

Unfortunately that graph does not show that. What it shows is the total amount of the money supply including deposits on hold (money not available) and the text below the graph states that very clearly. Notice that the sudden rise in the graph also coincides with the timing of the covid pandemic. I can't see why you have included that data in a discussion on the increase in food prices though.