Sour Mash Posted November 12, 2020 Share Posted November 12, 2020 https://www.livemint.com/politics/policy/retail-inflation-jumps-to-7-61-in-october-highest-in-six-years-11605185760829.html ... Food inflation running north of 11% too. "No one could have seen it coming." "We have to look through this." "Maybe we should lower interest rates!" Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted November 12, 2020 Share Posted November 12, 2020 You do realise this is data for India - not the UK? Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 12, 2020 Share Posted November 12, 2020 https://www.livemint.com/politics/policy/retail-inflation-jumps-to-7-61-in-october-highest-in-six-years-11605185760829.html ... Food inflation running north of 11% too. "No one could have seen it coming." "We have to look through this." "Maybe we should lower interest rates!" In India?? Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted November 12, 2020 Author Share Posted November 12, 2020 In India?? Goddammit! I wondered why there wasn't more noise about this ..... 🤣 That'll teach me to accept whatever pops up on my newsfeed as being relevant.... Quote Link to comment Share on other sites More sharing options...
zugzwang Posted November 12, 2020 Share Posted November 12, 2020 Those are scary numbers but especially for a country with a billion + mouths to feed. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted November 12, 2020 Share Posted November 12, 2020 People really need to actually read and digest the articles that they post instead of simply copy and pasta click-bait headlines. Quote Link to comment Share on other sites More sharing options...
Si1 Posted November 12, 2020 Share Posted November 12, 2020 People really need to actually read and digest the articles that they post instead of simply copy and pasta click-bait headlines. Easy mistake. We're all human. Quote Link to comment Share on other sites More sharing options...
Young Turk Posted November 12, 2020 Share Posted November 12, 2020 Goddammit! I wondered why there wasn't more noise about this ..... 🤣 Have the items you buy become more expensive? Quote Link to comment Share on other sites More sharing options...
reddog Posted November 12, 2020 Share Posted November 12, 2020 Those are scary numbers but especially for a country with a billion + mouths to feed. Was the "Arab Spring", caused by high food inflation? I think Modi should be careful, could be a spot of Civil unrest coming. Also, I'm sure those figures have been "massaged", so what is the real figure!!?? Quote Link to comment Share on other sites More sharing options...
markyh Posted November 12, 2020 Share Posted November 12, 2020 Those are scary numbers but especially for a country with a billion + mouths to feed. The Indians holding Bitcoin are chilled about it, those holding rupees, not so much! Quote Link to comment Share on other sites More sharing options...
winkie Posted November 12, 2020 Share Posted November 12, 2020 Have the items you buy become more expensive? Same price, less of it, not as good quality, more air in it, lighter, more of the cheap ingredients less or removed expensive ingredients, more packaging, shrinkage........so yes more expensive, and will be even more expensive next year..... Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted November 12, 2020 Share Posted November 12, 2020 Easy mistake. We're all human. True, we can all fall for an easy click-bait. I'm not impervious myself. Quote Link to comment Share on other sites More sharing options...
A.steve Posted November 13, 2020 Share Posted November 13, 2020 Have the items you buy become more expensive? I'm not sure. I might have been doing a lot of hedonic adjustment. Prices seem stable (or, perhaps, falling) at the supermarkets I prefer... conversely, at the supermarkets that have fallen out of my favour (not just on the basis of value for money) my perception is that prices have easily risen >10% in a year. Beyond supermarket shopping, I'm noticing it is hard to source what I actually want. The high-end Panasonic Combination microwave (with a 250-degree convection oven) I wanted is no-longer available - for example. Recent shopping for a budget 'health grill' yielded one offered at £18 that is 10% cheaper than a similar one I bought several years ago. On the other hand, if I want removable hot plates, I can't find alternatives to George Fourman's branded units - with the usual associated cost of the trademark. Clothes also seem frustrating to source - depending upon how prices are determined for inflation metrics, issues with supply might well have a significant bearing on the figure calculated for inflation. If we're talking about the costs of services, I think there's an analogous problem. It seems to me that interacting with many types of services is like trying to swim through a megaton of chilled treacle. If services were specified with standard times for completion... inflation in the cost of services would, likely, be off-the-scale. Quote Link to comment Share on other sites More sharing options...
msi Posted November 13, 2020 Share Posted November 13, 2020 I think Modi should be careful, could be a spot of Civil unrest coming. The rich Indians will be welcomed to 'invest' in a new shiny post-br*xit passport in the UK Modi will just blame all his problems on the muslims - a few riots there won't hurt his reputation. Quote Link to comment Share on other sites More sharing options...
Wayward Posted November 13, 2020 Share Posted November 13, 2020 The Indians holding Bitcoin are chilled about it, those holding rupees, not so much! They hold gold don't they. They had their paper fiat confiscated last year.. Quote Link to comment Share on other sites More sharing options...
Bob8 Posted November 13, 2020 Share Posted November 13, 2020 Easy mistake. We're all human. Quite so! Quote Link to comment Share on other sites More sharing options...
Old Man George Posted November 13, 2020 Share Posted November 13, 2020 Between January 2019 and July 2020, food prices in the United Kingdom increased by 0.8 percent - according to statista dot com Quote Link to comment Share on other sites More sharing options...
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