interestrateripoff Posted February 28, 2011 Share Posted February 28, 2011 http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8352659/The-foods-suffering-the-biggest-price-rises-in-pictures.html Swiss bank UBS has claimed that food prices in Britain are rising quicker than in most developed economies and by more than is justified by higher costs. Here we look at the foods that have been hit by the biggest price rises. Fruit Fruit has seen the biggest price rise in the UK, with prices jumping 12pc. Oil and fats Oil prices have risen sharply, by 11.9pc, with palm oil enduring one of the biggest gains. Fish The cost of fish saw a 10pc leap. Sugar, jam and chcocolate Sugar, jam and chcocolate has risen by 8pc. ABF has warned of rising sugar costs later this year following a harsh winter. It said sugar production had fallen from 1.3m tonnes last year to just below 1m tonnes this year. More at the link. Still glad to see the vigilant Mystic Merv ensuring the workers don't get higher wages. His vigilance and protecting the UKs purchasing power we couldn't ask for a better person to run the central bank. Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted February 28, 2011 Share Posted February 28, 2011 (edited) Food is still far too cheap and contributed to HPI as more serfs could speculate this 'extra' disposable income that they wouldnt otherwise have had on houses instead of it being used to feed, dress and keep the family warm in their homes. You can't have excessively lending without masked affordability. Edited February 28, 2011 by tomposh101 Quote Link to comment Share on other sites More sharing options...
voidal Posted February 28, 2011 Share Posted February 28, 2011 http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8352659/The-foods-suffering-the-biggest-price-rises-in-pictures.html More at the link. Still glad to see the vigilant Mystic Merv ensuring the workers don't get higher wages. His vigilance and protecting the UKs purchasing power we couldn't ask for a better person to run the central bank. So deliberatly stoke inflation Dont give pay rises House prices to stay flat (so people think everything is OK,) Everything sorted ......except, looks like the perfect storm with food prices going up, energy costs going up. With this as a backdrop, if house prices fall and with inflation. Not a nice position, people are going to start getting annoyed Quote Link to comment Share on other sites More sharing options...
voidal Posted February 28, 2011 Share Posted February 28, 2011 Food is still far too cheap and contributed to HPI as more serfs could speculate this 'extra' disposable income that they wouldnt otherwise have had on houses instead of it being used to feed, dress and keep the family warm in their homes. You can't have excessively lending without masked affordability. >> conduit for the 'boredom' or 'shallow' money (the disposable) is being disconnected, its about human behaviour as well Spot on - Well said Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted February 28, 2011 Share Posted February 28, 2011 So deliberatly stoke inflation Dont give pay rises House prices to stay flat (so people think everything is OK,) Everything sorted ......except, looks like the perfect storm with food prices going up, energy costs going up. With this as a backdrop, if house prices fall and with inflation. Not a nice position, people are going to start getting annoyed They shouldn't have got themselves into this much mess in the first place. The blame rests squarely on the shoulders of those that indebted themselves at the expense of others (HPI) and themselves (debt). There are no winners here. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted February 28, 2011 Share Posted February 28, 2011 So deliberatly stoke inflation Surely you mean deflation right Quote Link to comment Share on other sites More sharing options...
Injin Posted February 28, 2011 Share Posted February 28, 2011 They shouldn't have got themselves into this much mess in the first place. The blame rests squarely on the shoulders of those that indebted themselves at the expense of others (HPI) and themselves (debt). There are no winners here. Erm there was no money until the government printed it to stop the bank runs, the banks are all conmen. Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted February 28, 2011 Share Posted February 28, 2011 Erm there was no money until the government printed it to stop the bank runs, the banks are all conmen. Yeah, yeah, yeah all that fractional bubble sh1t as well. The government are in my debtors prison with all the others. Just seems like paradise for the moment. Watching John Prescott on Topgear earlier, goes to show how deluded they all were. Quote Link to comment Share on other sites More sharing options...
fiddle Posted February 28, 2011 Share Posted February 28, 2011 i've just assumed it was linked to low yields of many things the last few yrs but mostly on synthertic oil prices.. in some cases a direct cost of growing product (takes machiner and pesticided) getting product from A to B stupid transportation costs, like flying english apples to spain to be sprayed with wax then flying them back again. bringing up costs in line with the oil (there was av ery short period it was a lot cheaper to run a diesel car/van on cooking oil, margin soon closed. etcetc interesting that we're feeling it more than the rest though, perhaps it is all because of the snow Quote Link to comment Share on other sites More sharing options...
onesmallstep Posted February 28, 2011 Share Posted February 28, 2011 its because our economy is so competitive, or it could be because of immigration, or it could be because of profiteering by supermarkets, most likely it's speculators. Quote Link to comment Share on other sites More sharing options...
ccc Posted February 28, 2011 Share Posted February 28, 2011 Yeah, yeah, yeah all that fractional bubble sh1t as well. The government are in my debtors prison with all the others. Just seems like paradise for the moment. Watching John Prescott on Topgear earlier, goes to show how deluded they all were. Do you think he believes that are deep down knows he is talking pish ? I am not sure which one I would think is worse. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 28, 2011 Author Share Posted February 28, 2011 Yeah, yeah, yeah all that fractional bubble sh1t as well. The government are in my debtors prison with all the others. Just seems like paradise for the moment. Watching John Prescott on Topgear earlier, goes to show how deluded they all were. Yep, he was in complete denial. You could see he really thought Labour brought wealth to the nation. Quote Link to comment Share on other sites More sharing options...
ccc Posted February 28, 2011 Share Posted February 28, 2011 Yep, he was in complete denial. You could see he really thought Labour brought wealth to the nation. I find that a bit more worrying than the other option. He is just a selfish politician who will happily lie to cover his own ****** ups ? Not great but not exactly a great surprise. He actually thinks that debt = wealth: and he was in such a powerful position for so long ? ******ing frightening. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted March 1, 2011 Author Share Posted March 1, 2011 (edited) http://www.ft.com/cms/s/0/ba65d28e-380f-11e0-8257-00144feabdc0.html#axzz1FKeRv8dd India Rising food prices remained a big concern in India’s fast-growing economy, according to economists. Food inflation jumped to 15.7 per cent in January from 13.6 per cent the previous month.India suffers the highest inflation of any big Asian economy. The Reserve Bank of India has raised interest rates seven times over the past year in a bid to cool rising prices while maintaining an economic growth rate of 8.5 per cent. Edited March 1, 2011 by interestrateripoff Quote Link to comment Share on other sites More sharing options...
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