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Realistbear

British Retail Consortium Give Formal Warning

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I think this week IS a bit bearish?

http://www.telegraph.co.uk/news/main.jhtml...4/nprices24.xml

Price of food and drink will soar, experts predict
By David Derbyshire, Consumer Affairs Editor
(Filed: 24/08/2006)
On top of soaring fuel bills, petrol prices and council tax, retail experts issued a warning yesterday that the cost of food and drink was about to go up sharply.
Supermarkets are expected to pass on higher prices to customers after a combination of poor harvests and the rising cost of global commodities such as orange juice and coffee.
Drink up: The cost of orange juice is expected to rise by up to 25 per cent over the next few months
The cost of food has been rising substantially this year. The British Retail Consortium said food prices went up in July for the third month in a row. In the 12 months to July, food inflation was 3.2 per cent compared with the overall inflation rate of 2.4 per cent.
Tesco has conceded that some rising food costs may be passed on to customers over the next few months.
The Grocer magazine says the cost of milk has risen by
11 per cent
in Tesco since May, while the cost of a tin of baked beans has risen by
13 per cent
. Spreadable butter is up by
21 per cent
, lettuces are up by
11 per cent
and coffee is up by
6.5 per cent
.

Inflation anyone? Merv had better start drafting that letter---QUICK :o IR are just starting to go up.

Gordon: "iPods are getting cheaper--iPods for everyone, let them play iPods!"

Edited by Realistbear

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Food prices have been rising for some time, I don't remember it being in the press, but the prices for a lot of foodstuffs have been rising very rapidly. It would be great if somebody could dig out a supermarket receipt from say 5 years ago and do a real price comparison.

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Food prices have been rising for some time, I don't remember it being in the press, but the prices for a lot of foodstuffs have been rising very rapidly. It would be great if somebody could dig out a supermarket receipt from say 5 years ago and do a real price comparison.

I am wondering if Merv is going to kow tow to Gordon's deception much longer or if he will warn the sheeple that the CPI is worthless and that inflation is at least 3 times the target rate? The man's reputation as a world banker is on the line and he needs to follow Ben and tell it like it is without political manipulation. That is why we are supposed to have an independant bank. No more Brown appointees would be a good place to start.

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Food prices have been rising for some time, I don't remember it being in the press, but the prices for a lot of foodstuffs have been rising very rapidly. It would be great if somebody could dig out a supermarket receipt from say 5 years ago and do a real price comparison.

You might try the internet archive:

I tried tescos as well.

Sainsburys 2000:

http://web.archive.org/web/*/http://www.sainsburys.com

Soft Drinks

SRC=

SRC=

Offer Products Offer Price End date

Buy 2 for �5

Nescafe Granules 200g

�3.25

14th April

Buy 2 for �1.99

Diet Coca Cola 2ltr

�1.18

14th April

Buy 2 for �1.99

Coca Cola 2ltr

�1.18

14th April

Buy 1 get 1 Half Price

Schweppes Bitter Lemon 1ltr

�0.85

14th April

Buy 1 get 1 Half Price

Schweppes Slimline Tonic 1ltr

�0.85

14th April

Buy 1 get 1 Half Price

Schweppes Tonic 1ltr

�0.85

14th April

Buy 1 get 1 Half Price

Canada Dry 1ltr

�0.85

14th April

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I think this week IS a bit bearish?

http://www.telegraph.co.uk/news/main.jhtml...4/nprices24.xml

Price of food and drink will soar, experts predict
By David Derbyshire, Consumer Affairs Editor
(Filed: 24/08/2006)
On top of soaring fuel bills, petrol prices and council tax, retail experts issued a warning yesterday that the cost of food and drink was about to go up sharply.
Supermarkets are expected to pass on higher prices to customers after a combination of poor harvests and the rising cost of global commodities such as orange juice and coffee.
Drink up: The cost of orange juice is expected to rise by up to 25 per cent over the next few months
The cost of food has been rising substantially this year. The British Retail Consortium said food prices went up in July for the third month in a row. In the 12 months to July, food inflation was 3.2 per cent compared with the overall inflation rate of 2.4 per cent.
Tesco has conceded that some rising food costs may be passed on to customers over the next few months.
The Grocer magazine says the cost of milk has risen by
11 per cent
in Tesco since May, while the cost of a tin of baked beans has risen by
13 per cent
. Spreadable butter is up by
21 per cent
, lettuces are up by
11 per cent
and coffee is up by
6.5 per cent
.

Inflation anyone? Merv had better start drafting that letter---QUICK :o IR are just starting to go up.

Gordon: "iPods are getting cheaper--iPods for everyone, let them play iPods!"

Ah - but look - Orange Juice has been removed from the CPI in February (Has risen 60% since). It's been replaced by Chicken Kievs.

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The other approach is just to sweet talk (Knighthood anyone?) a couple of the supermarkets into changing their loss-leaders to match the CPI 'basket'... When you see 2 for 1 on iPods, it could be the start of something big :lol:

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Ah - but look - Orange Juice has been removed from the CPI in February (Has risen 60% since). It's been replaced by Chicken Kievs.

http://www.statistics.gov.uk/articles/nojo...0juice%20cpi%22

Page 8. Small brown loaf of bread, multipack of orange juice, dining room table and child's car seat.

They are only variants of other items so we will remove them! Oky doky, so why were they in the mix in the first place if they were already adequately represented?

What is going to happen to child seat prices with the new regulations coming? Demand will actually go up becuase children up to 12 will have to use them - good reason to remove them from the mix?

This is fraud. The BOE are a fraud for following this inflation measure. You cannot believe a word either the ONS or the BOE say on the matter of inflation or inflation targeting.

dredwerker,

Nice idea, only problem is that 2 for 1 stuff really complicates the issue - are single priced items fully priced to allow discount, what is the real everyday price?

Edited by OnlyMe

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Here's a graph of Orange Juice Prices:

http://www.futuresource.com/charts/charts.jsp?s=OJK07

Don't forget champgne (tax froxen) has replaced wine (tax up)

TV Licence (up 29%) removed

and Overseas Financial transfers has been included. Now up until June I had to send confirmation faxes to the bank for processing. Now I use the internet facility. Can't believe the internet is is going to be more costly than the labour intensive fax method.

Also included are

Vehicle Maintenance

Water Sports Equiipment

Childs Swing

woodscrews

Cold Flu Powder

Liquid Foundation

Mentholated Cigarettes

Girls Trousers

Lager purchased in Nightclub

Can anyone suggest reasons why any of the above have been included?

Edited by pondlife

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I think this week IS a bit bearish?

http://www.telegraph.co.uk/news/main.jhtml...4/nprices24.xml

Price of food and drink will soar, experts predict
By David Derbyshire, Consumer Affairs Editor
(Filed: 24/08/2006)
On top of soaring fuel bills, petrol prices and council tax, retail experts issued a warning yesterday that the cost of food and drink was about to go up sharply.
Supermarkets are expected to pass on higher prices to customers after a combination of poor harvests and the rising cost of global commodities such as orange juice and coffee.
Drink up: The cost of orange juice is expected to rise by up to 25 per cent over the next few months
The cost of food has been rising substantially this year. The British Retail Consortium said food prices went up in July for the third month in a row. In the 12 months to July, food inflation was 3.2 per cent compared with the overall inflation rate of 2.4 per cent.
Tesco has conceded that some rising food costs may be passed on to customers over the next few months.
The Grocer magazine says the cost of milk has risen by
11 per cent
in Tesco since May, while the cost of a tin of baked beans has risen by
13 per cent
. Spreadable butter is up by
21 per cent
, lettuces are up by
11 per cent
and coffee is up by
6.5 per cent
.

Inflation anyone? Merv had better start drafting that letter---QUICK :o IR are just starting to go up.

Gordon: "iPods are getting cheaper--iPods for everyone, let them play iPods!"

Jump up prices with some justifying ******** about rising supply costs. Forget to reduce prices again on other side. Increase profits.

First oil, then gas, now everyone wants a shot at it.

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Jump up prices with some justifying ******** about rising supply costs. Forget to reduce prices again on other side. Increase profits.

First oil, then gas, now everyone wants a shot at it.

Of course, that how inflation works

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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