Thursday, Oct 18, 2007
30% Rise in milk prices! Surely this will nudge CPI from it's 1.8% slumber?
Bloomberg: Nestle Pricing Allays Higher Milk Costs; Hershey Profit Falls
Nestle SA said it withstood soaring dairy costs by raising prices for Dreyer's ice cream and nutritional food. Hershey Co., focused on the less lucrative milk chocolate Nestle is moving away from, reported profit fell.
***Nestle said it will use cheaper packaging and ingredients to compensate for the cost of milk, which the company says will rise more than 30 percent this year. *** BOING! 30%
Posted by tyrellcorporation @ 08:03 PM (483 views) Add Comment
8 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. denzil said...
I've come to the conclusion that the CPI and RPI are nothing to do with the cost of living but are an ingenous mechanism produced by the ONS to indirectly influence the MPC decision. The mechanism works by calculating and producing the optimum figure that will force the MPC to make the required decision. At the moment 1.8% is about right to force a "no change". I've reached this conclusion as the CPI and RPI have nothing at all to do with inflation.
BTW. Wish me luck with my interview at the BEEB. I've found a solution to their license shortfall. Phone-ins. The idea is that you get people to phone in thinking they will win a prize when in fact there is no prize. Genius I tell you, pure genius.
2. The Beeb said...
Denzil, You're hired! We need more folks like you, I've had enough of those old school, do-gooder, tree hugging Attenborough types, welcome on board!
3. crash bandicoot said...
Denzil,
I'm afraid that you are about five years too late. Apparently to replace the phone-ins they are going to dumb down the news and show more repeats...... I thought they'd been doing that for five years too.
As for CPI and RPI I am expecting a "shock" rise now there is not going to be an election. "Who could have forseen that" seems to be the phrase of the week.
4. whiteknight said...
Milk, sugar, wheat, oil , coffee etc. etc.
oh dear. oh dear.
Soon when China cuts the peg as they must ( and not just because that western monetary vehicle the IMF says so) to export some inflation - not even those DVD Players , toys and clothes will be "cheap" any more.
I hope people stocked up for Christmas.
Yo ho ho.
5. planning4acrash said...
Yea, I've been thinking about buying a flat screen telly this January sales, they could be the last chance for a while to get Chinese technology at a steal, and what better time to go for a shopping trip in New York!!
6. autopilotengage said...
Don't worry, they'll be plenty of flat screen TV's at repo auctions before too long anyway to replace the cheap new ones.
7. Axxo said...
Black coffee for me then!
8. Albertini Albertino said...
Can you lot stop being stupid - milk won't have any effect on the Cobblers Price Index: the Office of Nonsensical Statistics will replace milk with, I dunno, 'cheap plastic crap' in the basket-of-goods to keep 'inflation' down.