Monday, Aug 14, 2006

20% Increase on bread, Inflation starting to go out of control

Guardian: Heatwave will put 4p on a loaf, warn Britain's biggest millers

Inflation's increasing every day now on our day to day goods. Now we see an increase in bread prices, a worldwide shortage of vegetable and palm oils due to usage with biofuels - causing margarine price increases and almost anything that uses oil in the manufacture of foods ie. chips, pizza's.
I hate to think what inflation will be when these are counted into the inflation figures. Its not looking good for the rest of the year.

Posted by stevo @ 02:22 PM (517 views)
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6 Comments

1. markd said...

The world's available food stocks are down to a pretty tight margin, about 57 days worth last time I saw any comment on the issue, which is a new low-so plenty of scope for further increases.

Monday, August 14, 2006 05:09PM Report Comment
 

2. Tinecu said...

Oil price inflation seeps into everything

Monday, August 14, 2006 08:12PM Report Comment
 

3. Bfskinner said...

hardly likely to matter. Lets just remove bread, and food in generally from the inflation calculations and therefore it stops being an issue. problem solved for ever.

Wow, I shold be chancellor

BFS

Tuesday, August 15, 2006 09:43AM Report Comment
 

4. Surfgatinho said...

Don't worry, the price of furniture is down!

Tuesday, August 15, 2006 10:03AM Report Comment
 

5. Rickyb said...

Perhaps the CPI should be changed so that it does not include any item whose price is likely to be affected by the cost of energy. So what does that leave now .... ?

Tuesday, August 15, 2006 01:08PM Report Comment
 

6. inbreda said...

Bread to expensive?

Let them drink champagne!

Oh no, hang on, champagne is in the basket. What about M&Ms?

Tuesday, August 15, 2006 04:40PM Report Comment
 

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