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Uk Returns To Inflation

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Britain’s brief flirtation with negative inflation is over.

09:33 am

The Consumer Prices Index rose by 0.1% year-on-year in May, having dipped to -0.1% in April. Food prices continued to fall, down 1.8% year-on-year, while cheaper oil prices meant transport costs were 1.5% cheaper. But many other items cost more than a year ago - including alcohol (+2.2%), health (+2.2%), education (+10%) and restaurants (+1.9%).

Edited by rollover

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Food prices continued to fall, down 1.8% year-on-year,

This is just drivel. The cost of high-grade, true food stuffs is going up the whole time.

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The food I buy at Aldi has gone down a little over the past 2 years.

I pretty much buy the same thing every week.

If prices are going up you must be shopping at an expensive supermarket ......like Tesco!

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This is just drivel. The cost of high-grade, true food stuffs is going up the whole time.

Link? Data?

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This is just drivel. The cost of high-grade, true food stuffs is going up the whole time.

The principle of hedonic substitution at work. If steak gets too expensive the economists just substitute it for hamburger and claim our preferences have changed. Hey, meat is meat!

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This is just drivel. The cost of high-grade, true food stuffs is going up the whole time.

This is certainly true regarding raw/basic ingredients. However some basic foods that most people buy have come down in price, considerably. I am thinking here - premium brand sliced bread - down fro £1.30 - £1.50 to 99p.

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Food is so cheap I am surprised people talk about it.

At the end of the day food prices are tiered, the choice is yours whether you live on a fiver a week on stuff like a kilo of unbranded porridge at 75p a pop or choose to buy expensive foods and live on fifty quid a week. We certainly didn't have the option of cheap food in the seventies and early eighties.

Personally I go down the cheapskate route and food prices are not an issue.

Certainly if you make food from scratch, food is ludicrously cheap; a kilo and a half of flour is 40p for God's sake.

Edited by crashmonitor

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Guest eight

Certainly if you make food from scratch, food is ludicrously cheap; a kilo and a half of flour is 40p for God's sake.

Milk likewise, inconsequentially cheap.

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Milk likewise, inconsequentially cheap.

At the end of the day food is subsidised big time. The farmer makes nothing on the food, his Rural Payments Agency subsidy is his profit. We then have a densely populated country with the best logistics anywhere in the world, so again super cheap. We then have shelf stackers and production line staff on minimum wage subsidised by working tax credit.

Food in the UK is the cheapest in the world...sure if you go to Cyprus you might pick up oranges and figs dead cheap, try picking up something cheap that they don't produce in the country or go to some God forsaken country in the middle of Africa and see how much a tin of pilchards costs even at favourable exchange rates.

Only the US has a lower percentage of food spend than us, and only because they earn more.

Edited by crashmonitor

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Today we see further evidence of an economic plan that is working, with a powerful mix of low prices and rising wages, which are continuing to grow well above inflation.

This is good news for working people and family budgets, and shows the economic recovery is going from strength to strength.

Of course the job is not done and we will continue to remain vigilant to all risks, particularly when the global economic situation is so uncertain.

Os-Bugle hedging his bets here.

:lol::lol::lol::lol:

Edited by bubbleturbo

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This is just drivel. The cost of high-grade, true food stuffs is going up the whole time.

This is very true.....the supermarkets are creeping in higher prices, this includes massive shrinkage on a wide scale, big T very much so recently, hoping we don't notice when we do, or should do.....for example a kg of strong mature cheese has gone from £5kg to double in many instances...they do try and pull custom in with loss leaders such as butter at 88p or less than £1 250g......how long for who is to know.

Non food purchases in supermarkets are still way too pricey.....the hope for them, the one stop shop will see busy people pay less for little, and over the odds for lots of other stuff.....buyer beware unless don't care. ;)

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Guest eight

At the end of the day food is subsidised big time. The farmer makes nothing on the food, his Rural Payments Agency subsidy is his profit. We then have a densely populated country with the best logistics anywhere in the world, so again super cheap. We then have shelf stackers and production line staff on minimum wage subsidised by working tax credit.

Well to be fair milk must be pretty easy to produce in vast quantities if even farmers can do it.

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Just like the reported deflation before, George can say it is a good thing for hard working families, and part of his long term plan....

Comical Ali was more convincing.

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Just like the reported deflation before, George can say it is a good thing for hard working families, and part of his long term plan....

Whatever the numbers, Osborne always says it's good and that it show's he's done the right thing to reward hardworking families. The guy's a robot.

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Well to be fair milk must be pretty easy to produce in vast quantities if even farmers can do it.

Depends how you do it.

Milk produced by proper 'free-range' herds, on organic pastures naturally costs more money and time to produce.

'Milk' isn't just 'Milk'. And 'Beef' isn't just 'beef'. There are vastly differing grades and the treatment of the animals is all important. Sure, low grade, factory-animal beef or milk may be going down but the proper stuff - free range, well treated animals fed organically etc etc - is steaming upwards.

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I don't believe these numbers much. The big brother may have finally decided to hike IRs in September so the data has to adjust. Slightest dovish tone Tomorrow and we will see all the deflationary stats coming up again.

Edited by Fairyland

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Depends how you do it.

Milk produced by proper 'free-range' herds, on organic pastures naturally costs more money and time to produce.

'Milk' isn't just 'Milk'. And 'Beef' isn't just 'beef'. There are vastly differing grades and the treatment of the animals is all important. Sure, low grade, factory-animal beef or milk may be going down but the proper stuff - free range, well treated animals fed organically etc etc - is steaming upwards.

When they pump more saline solution into it they like to think you are getting more for less.....more of what is not good less of what is good for you.

......also does cut in UK, slaughtered in UK mean born bred and reared in the UK?. ;)

Grow a carrot yourself in the earth or earth in a bucket.....it tastes of carrot a highly concentrated flavour and taste....same for many a potato......

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Grow a carrot yourself in the earth or earth in a bucket.....it tastes of carrot a highly concentrated flavour and taste....same for many a potato......

Your potatoes taste of carrot?

(I'll get my coat)

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Your potatoes taste of carrot?

(I'll get my coat)

Not my potatoes.......but some potatoes taste of potato other potatoes taste of diluted potato taste.......providing food for vast quantities of people will mean some things such as flavour have to be forfeited.....all we hope is mass production will mean people will not forget what real food tastes like. ;)

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