munimula Posted December 1, 2006 Share Posted December 1, 2006 Yes, there is such a magazine. Just read a quote in MoneyWeek Grocery prices have risen by 6.3% in the pasta year, with most rises occuring in the past month. Tesco has made the greatest hikes, with many winter fruits and vegetables costing 20% to 30% more than this time last year. While the supermarkets argue that poor harvests have forced a price rise, editor of The Grocer, Adam Leyland says that they are "using the opportunity not only to recoup their costs, but also to skim off extra profit". Looks like could be more pressure on inflation figures Quote Link to comment Share on other sites More sharing options...
MarkG Posted December 1, 2006 Share Posted December 1, 2006 Looks like could be more pressure on inflation figures Nah, it's only food. It's not like it's something people buy every day, like MP3 players. Quote Link to comment Share on other sites More sharing options...
Guest Posted December 1, 2006 Share Posted December 1, 2006 Yeah, but as Merv now thinks that mortgages are A-OK and not going to go 1989, then we can easily have a rate rise to cover this now. Problem solved. Quote Link to comment Share on other sites More sharing options...
Bearfacts Posted December 1, 2006 Share Posted December 1, 2006 I think 6% is an under estimate. My weekly shop used to be about £80 it is now always over £100. This is at Tesco. Even the staff have been telling me how they are noticing prices climbing. Roll on Febraury rate rise of 1%. Oh well I can dream. No doubt inflation will be down because the price of imported memory sticks has fallen in the sales. Quote Link to comment Share on other sites More sharing options...
munimula Posted December 1, 2006 Author Share Posted December 1, 2006 Yeah, but as Merv now thinks that mortgages are A-OK and not going to go 1989, then we can easily have a rate rise to cover this now. Problem solved. That comment by Merv defies belief. On exactly what grounds are mortgages OK? Does he know what FTBs now have to do to buy their own home? The two examples that I know that have bought this year require one salary just to pay the mortgage. Nothing else, just the mortgage. Comments like that from Merv show that he is very far removed from the average person and has very little idea of what is going on. I think 6% is an under estimate. My weekly shop used to be about £80 it is now always over £100. This is at Tesco. Even the staff have been telling me how they are noticing prices climbing. Roll on Febraury rate rise of 1%. Oh well I can dream. No doubt inflation will be down because the price of imported memory sticks has fallen in the sales. Yes, but the increase in food costs is something that people can see and this may result in wage-push inflation. It's quite possible that with increasing food costs and the big increase in energy bills, council tax that 2007 will be the year that people start demanding decent wage increases. That will put the cat amongst the pigeons. Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted December 1, 2006 Share Posted December 1, 2006 I think 6% is an under estimate. My weekly shop used to be about £80 it is now always over £100. This is at Tesco. Even the staff have been telling me how they are noticing prices climbing. Ah, that would account for the predicted Christmas Spend this year. Festive spending on plastic is set to reach £31.8 billion (which is an 11.6% increase on December 2005) Tesco Last month and this month. Cox apples 99p £1-48p Parsnips 99p £1-88p Cabbage 45p 58p Cauliflower 64p 88p Carrots 74p £1-48p Sprouts 74p £1-49p Bacon 60p 72p Sausages £2-09p £2-12p. Beef £10-48p £12-49p Turkey £2-98p £3-98p Lamb £12-98p £13-98p Weetabix £1-50p £2-18p Special K £2-00p £2-57p Conflakes £2-00p £2-58p Bread 48p 54p Cheese £1-29p £1-77p Spaggy 99p £1-49p Coffee £1-32p £2-64p etc etc etc. Quote Link to comment Share on other sites More sharing options...
Guest Posted December 1, 2006 Share Posted December 1, 2006 Last month vs this month? That really smacks of profiteering in just the space of 1 month right before Christmas. Quote Link to comment Share on other sites More sharing options...
MarkG Posted December 1, 2006 Share Posted December 1, 2006 I think 6% is an under estimate. My weekly shop used to be about £80 it is now always over £100. Prices at the local corner shop have certainly increased in the last couple of months: crisps up 5%, vegetable spring rolls up 10%, chicken samosas up 20%. However, that's after a few years of barely moving. Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted December 1, 2006 Share Posted December 1, 2006 Prices at the local corner shop have certainly increased in the last couple of months: crisps up 5%, vegetable spring rolls up 10%, chicken samosas up 20%. i'm glad to see we share the same health diet! Quote Link to comment Share on other sites More sharing options...
bugged bunny Posted December 1, 2006 Share Posted December 1, 2006 (edited) Top tip: join a veggie box scheme. The price of my veggie box hasn't risen in the 5 months I've been in a scheme. Costs are easier to keep down because it is locally sourced, and the supplier is more ethical than the supermarkets. Edited December 1, 2006 by bugged bunny Quote Link to comment Share on other sites More sharing options...
Orbital Posted December 1, 2006 Share Posted December 1, 2006 yep, but this is mostly thanks to poor harvests etc. Potatos and wheat ate two that ive seen highlighted in the news recently as being hard hit - so yeah, expect the price of fish and chips and bread to increase. Im afriad this is just going to get worse as we head into a period of pressure on our resourcse. Some people here are keen to get house building and if that happens geesh we'll see things get worse and worse - one day people will realise the world has finite resources! Short of population control there's not much we can do, itll probably be OK in our lifetime, but as Stevie Hawkins was saying, time is running out for the future of our species on this planet. But hey lets forget about that, as I say, it shouldnt affect us so bad, its for another generation to deal with. Or is it? Quote Link to comment Share on other sites More sharing options...
MarkG Posted December 1, 2006 Share Posted December 1, 2006 one day people will realise the world has finite resources! There's certainly no shortage of trolls. Must be getting crowded under London Bridge. Quote Link to comment Share on other sites More sharing options...
Without_a_Paddle Posted December 1, 2006 Share Posted December 1, 2006 I don't why you guys are so surprised about these figures if you consider how much the money supply is increasing. Also, isn't wage inflation predicted to rise above 5% next year? Quote Link to comment Share on other sites More sharing options...
munimula Posted December 1, 2006 Author Share Posted December 1, 2006 I don't why you guys are so surprised about these figures if you consider how much the money supply is increasing. Also, isn't wage inflation predicted to rise above 5% next year? I hope so because that should mean higher interest rates. However, my girlfriend is a nurse and Gordon has told all nurses not to ask for more than 2% because then they will be helping keep the big bad inflation monster away. Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted December 1, 2006 Share Posted December 1, 2006 Roll on Febraury rate rise of 1%. Oh well I can dream. No doubt inflation will be down because the price of imported memory sticks has fallen in the sales. And everyone will be paying off xmas still so less buying. Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted December 1, 2006 Share Posted December 1, 2006 Also, isn't wage inflation predicted to rise above 5% next year? Yes and pigs will fly. Employers cancelled their charitable status in the mid 80s. Quote Link to comment Share on other sites More sharing options...
Without_a_Paddle Posted December 1, 2006 Share Posted December 1, 2006 Yes and pigs will fly. Employers cancelled their charitable status in the mid 80s. .....crackle.... "Tower, this is squadron leader Porky Pig requesting a fly-by".....crackle.... Quote Link to comment Share on other sites More sharing options...
Bearfacts Posted December 1, 2006 Share Posted December 1, 2006 I hope so because that should mean higher interest rates. However, my girlfriend is a nurse and Gordon has told all nurses not to ask for more than 2% because then they will be helping keep the big bad inflation monster away. Oh yes greedy , money obssesed nurses and teachers pushing inflation up with their massive pay claims .. thank heavens for those sober, puritanical, selfless bankers with their modest pay rises setting a fine example in restraint to the rest of us. Quote Link to comment Share on other sites More sharing options...
munimula Posted December 1, 2006 Author Share Posted December 1, 2006 Oh yes greedy , money obssesed nurses and teachers pushing inflation up with their massive pay claims .. thank heavens for those sober, puritanical, selfless bankers with their modest pay rises setting a fine example in restraint to the rest of us. It is pretty disgusting I feel. Gordon is effectively asking them to take approx 2% wage cut when using RPI Quote Link to comment Share on other sites More sharing options...
Without_a_Paddle Posted December 1, 2006 Share Posted December 1, 2006 (edited) It is pretty disgusting I feel. Gordon is effectively asking them to take approx 2% wage cut when using RPI It does seem grossly unfair. How much of this is due to cheap imported labour? (or is that a silly question...) Edited December 1, 2006 by Without_a_Paddle Quote Link to comment Share on other sites More sharing options...
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