Wednesday, Jul 30, 2008
Food prices rising fastest in UK
This Is London: News Article
"Supermarkets in Europe do a better job of sheilding shoppers from price rises than supermarkets in in UK"........Inflation is the fault of greedy supermarkets and petrol companies.
nothing to do with the 20% devaluation in sterling then?
That's lucky because we want to print another 90 billion pound notes.
Posted by ingermany @ 07:37 AM (374 views) Add Comment
9 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.
1. jason said...
Well said ingermany!
2. japanese uncle said...
Recent travels to local ASDA and TESCO convinced me that food inflaiton is another scaremongering con. Actually many items are cheaper than a year ago!!, despite depreciating sterling. The retail infrastructure that has hugely extended over the past decade with millions of workforce, cannot shrink overnight (Look how many TESCOs and large-scale shopping malls were opened meanwhile!) Severe competition leading to price deflation is the answer.
3. Hotairmail said...
Submitted my comment...
What you don't hear about is that the major reason for our food and fuel inflation is the falling pound.
The dollar has fallen far by nearly half against the Euro since 2001. Oil and foods priced in dollars therefore have risen. This has accelerated on the back of a surge of investment as people try to protect themselves against the falling dollar.
The pound has fallen 20% against the Euro this year alone. And the pound has fallen even against the dollar lately. Of course oil and food imports will suddenly be more expensive for us. "The pound in your pocket" and all that said a famous former Labour Prime Minister.
That is why the Euro zone is not suffering as much.
4. mark said...
even if oil plummets our prices in the UK wont drop.... we need to complain more..
5. Hyrax said...
Just returned from france. Prices there are similar to last year...5 litre box of wine £7.50!
It is the 20% decrease in sterling.. £40 euro shop last year is a £50 euro shop this year.
Nothing in the papers about our falling money....orwellian times!!
6. Hyrax said...
Just returned from france. Prices there are similar to last year...5 litre box of wine £7.50!
It is the 20% decrease in sterling.. £40 euro shop last year is a £50 euro shop this year.
Nothing in the papers about our falling money....orwellian times!!
7. Stevie Dee said...
Indeed @#6.. this week already I have heard 3 working class (ordinary working folk) mutter the words "Police State". So shoplifting is most probably going up here too. As in Iraq or Palestine where kids are trained to be suicide bombers, we will have parents training kids how to shoplift, burgle & sell drugs. Hold on a second, it's been happening for years now, the only difference is that the middle class will be joining this trend shortly, if they have not done so already. And the missus working the beat at the weekend (overtime). Free shot of Asda's own Vodka anyone?
8. Stevie Dee said...
#2 The supermarkets can squeeze all the suppliers. As in marriage "in sickness and in health" the supermarket calls the shots. The cartel that (possibly) are the supermarkets work in the interest of the government to maintain order. There has always been "loss leaders" at a supermarket, they only have to raise the price of certain consumables by pennies to create or sustain this illusion of non-inflationary pressures, as the supermarkets are experts and have an idea of most consumer habits (card rewards, etc).
9. drewster said...
UK supermarkets are a rip-off. Luckily German and Danish stores such as Aldi, Lidl, and Netto are setting up shop here. That's where the real bargains are found!